Tata Motors PV: Why Jefferies sees 21% downside as JLR warranty costs hit 15-year high
The global brokerage house Jefferies has retained its 'Underperform' rating on Tata Motors Passenger Vehicles and assigned a target price of Rs 300 per share. This implies a downside of around 21% from current levels. According to the brokerage report, the concerns stem from a combination of product strategy shifts, rising costs and the growing financial implications of the company's…
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