Tata Motors shares fall 5% but brokerages raise target prices after Q1 results

August 2, 2024

Tata Motors’ shares fell by 4.7% following Q1 results that showed lower-than-expected margins in the passenger vehicles segment. While brokerages like UBS gave a sell call with a target price of Rs 825, others like Nomura and JP Morgan raised their targets. Analysts cited demand moderation and margin pressures as key concerns.

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