Tata Motors share price rises after HSBC upgrade. 3 key takeaways for investors
1 week, 4 days ago

Tata Motors share price rises after HSBC upgrade. 3 key takeaways for investors

India Today  

Shares of Tata Motors moved up in early trade on Monday after HSBC upgraded its rating on the stock to ‘Buy.’ At 9:57 am, the stock was trading 1.16% higher at 663 on the BSE. The brokerage sees improving margins for Tata Motors, helped by better performance at Jaguar Land Rover and recovery in its domestic businesses. DOMESTIC BUSINESS RECOVERING The brokerage noted a pick-up in Tata Motors' Small Commercial Vehicle sales, indicating better demand in logistics and transport. With multiple triggers in playincluding JLR’s improving margins, a stronger domestic business, and new product launchesHSBC believes Tata Motors is poised for a turnaround.

History of this topic

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