JPMorgan maintained a neutral rating on Tata Motors with a target price of Rs 635. JLR outperformed peers in the US and China but underperformed in the European region.
For the FY23-26 period, Investec projects an Earnings before interest, depreciation, taxes and amortisation (EBIDTA) of around 29 percent and an EPS CAGR of 31 percent.
The achievement of Nifty Smallcap stocks reaching new 52-week highs on August 23 signifies the market s positive sentiment and the companies growth prospects.