Ashok Leyland and Tata Motors share prices I Fundamentals Explained for Investors
Kotak Institutional Equities downgrades Ashok Leyland to REDUCE from ADD earlier. They have cut face value for Ashok Leyland to Rs 125 from Rs 140 earlier and downgraded to REDUCE from ADD earlier on fair valuation. Kotak Institutional Equities have cut our FV for Tata Motors to Rs 185 from Rs 200 earlier and maintain SELL rating due to growth concerns in JLR business owing to increase in competitive intensity in EV space and economic slowdown due to resurgence of coronavirus in EU nations.
Kotak Institutional Equities downgrades Ashok Leyland to REDUCE from ADD earlier. They have cut face value for Ashok Leyland to Rs 125 from Rs 140 earlier: Reuters