Following the quarterly results, Morgan Stanley retained an ‘Outperform’ rating on Tata Motors stock while Jefferies took a ‘Buy’ view. Among the domestic brokerages, Motilal Oswal and Nuvama recommended ‘Buy’ while ICICI Securities has suggested an ‘Add’.
Understanding the high EV to MCAP Ratio
The EV to MCAP ratio assesses a company’s valuation by factoring in debt and cash reserves. A high ratio signals high leverage or strong cash