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Tata Motors Gets 'Buy' Upgrade From HSBC On Attractive Valuation, Margin Outlook
Tata Motors' margin expansion is expected to be driven by reduced discounts and warranty costs at Jaguar Land Rover and a recovery in the domestic Small Commercial Vehicle business.
17 Mar 2025, 08:06 AM IST 
Tata Motors' PV valuation has declined due to a loss of market share. (Photo source: Usha Kunji/NDTV Profit)
HSBC upgraded Tata Motors Ltd. stock from 'hold' to 'buy' rating as its valuation is reasonable after recent correction and there are positive triggers for margin expansion, according to the brokerage. However, it reduced its target price from Rs 930 to Rs 840, implying an upside potential of 28% over the previous close.Tata Motors' share price is down 45% from its July 2024 peak, led by a 13-15% cut in earnings, analysts at HSBC sai...
