Rakesh Jhunjhunwala Stocks: 14% upside seen in Tata Motors stock on easing chip supply issue, higher pricing, says CLSA
CLSA maintained an Outperform rating on Tata Motors with a target price of Rs 480 apiece. It valued JLR (Jaguar and Land Rover) at close to book value and domestic CV and PV business remain strong.
The brokerage believes JLR’s volume growth in FY23 will be muted at over 6.2% as chip shortage is likely to continue: PTI