Tata Motors recovers 5% from day's low as analysts eye valuation comfort

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Tata Motors recovers 5% from day's low as analysts eye valuation comfort - Business Standard

Quick Summary:

The company’s revenue from operations fell 3.8 per cent annually to over Rs 1.01 lakh crore in the quarter under review, from Rs 1.05 lakh crore in Q2FY24.

Hence, analysts at Nuvama have maintained a ‘Reduce’ rating with a sum-of-the-parts (SOTP)-based target price of Rs 767 (previously Rs 1,010), lowering JLR’s EV/Ebitda multiple from 2.5x to 2x due to a weak demand outlook.

Consequently, Ebitda margin squeezed 110 basis points annually to 12 per cent in the September quarter of FY25, from 13.1 per cent in the September quarter of FY24.