{"id":12567,"date":"2017-11-29T09:02:06","date_gmt":"2017-11-29T03:32:06","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12567"},"modified":"2017-11-29T09:02:06","modified_gmt":"2017-11-29T03:32:06","slug":"tata-motors-ltd-2","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/tata-motors-ltd-2\/12567","title":{"rendered":"Tata Motors Ltd"},"content":{"rendered":"<p><strong>Strong show at both domestic &amp; JLR businesses<\/strong><\/p>\n<p style=\"text-align: justify;\">Tata Motors (TAMO) is India\u2019s largest CV manufacturer with 55% market share in M&amp;HCV segment. Besides, it also manufactures passenger cars and utility vehicles. With the acquisition of Jaguar Land Rover (JLR) from Ford in 2008, TAMO now has presence in the global luxury car market. Importantly, TAMO derives about 80% of its revenue from JLR.<\/p>\n<p style=\"text-align: justify;\"><strong>Outlook and Valuation:<\/strong>\u00a0 We are positive on the stock given a strong product pipeline at JLR &amp; company\u2019s intent to plug the gaps in its domestic portfolio and presence of margin levers. Hence, we expect revenue\/Adj. PAT CAGR of 10%\/82% over FY17-20E. Hence, we retain \u2018BUY\u2019 rating on the stock with a target price (TP) of Rs. 480 based on SOTP.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/11\/Research-Report-Tata-Motors-Ltd..pdf\">Research Report &#8211; Tata Motors Ltd.<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong show at both domestic &amp; JLR businesses Tata Motors (TAMO) is India\u2019s largest CV manufacturer with 55% market share in M&amp;HCV segment. Besides, it also manufactures passenger cars and utility vehicles. With the acquisition of Jaguar Land Rover (JLR) from Ford in 2008, TAMO now has presence in the global luxury car market. Importantly, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Motors Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Tata Motors Ltd On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/tata-motors-ltd-2\/12567\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Motors Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Tata Motors Ltd On FundsIndia 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