Tata Motors surges 2%: 3 reasons fuelling the rally are…

Tata Motors’ stock saw a 3.4% increase after facing a decline in the past trading sessions, with positive views from brokers on its subsidiary JLR. Nomura estimates strong EBIT margins for FY25-FY27 and values JLR at 1.5x FY27F EV/EBITDA. Nuvama expects JLR to achieve its FY25 guidance and turn net cash positive, but retains a […]