Tata Motors shares surge on debt-free India business, JLR target by FY25. Aiming for EV EBITDA breakeven in FY26, expanding product portfolio for 80% market share. Analysts positive on growth prospects. Motilal Oswal, JM Financial, and ICICI Securities offer varying ratings and target prices.
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in