Motilal Oswal sees 13% upside in Tata Motors stock: 5 reasons why

July 11, 2023

The domestic brokerage values Tata Motors stock at 19.3X/16.2X FY24E/FY25E consolidated P/E and 5X/4.2X EV/EBITDA. The shares are currently hovering at all-time high levels. It hit 52-week high of Rs 634.60 on BSE on Monday.

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