Tata Motors PV Share Price Target: Brokerage cuts target to Rs 390 but still sees 8% upside – Is it still a BUY? – Markets

Tata Motors PV Share Price Target: Brokerage cuts target to Rs 390 but still sees 8% upside - Is it still a BUY? - Markets


Tata Motors PV Share Price Target: The share prices of the Tata Group’s Tata Motors Passenger Vehicles are expected to witness a slight upside of around 8 per cent from the current price level, as per the brokerage firm, Emkay. The brokerage firm has attributed this growth to the Jaguar-Land Rover annual analyst meet.

Tata Motors PV Share Price Target 2026The brokerage firm has, has maintained an ADD call for this stock and reflected a stock price target of Rs 390. This reflects a marginal upside from the current price level of Rs 361.05. (Tata Motors PV Share Price)

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However, the brokerage trimmed the target price to Rs 390 from Rs 440, citing India passenger vehicle demand. This reflects a target cut of 12 per cent.

Brokerage Emkay Global Financial Services said after Jaguar Land Rover’s analyst meet that the luxury automaker guided FY27 revenue of about GBP26 billion, up 13.5 per cent year-on-year, with EBIT margin near 4 per cent and EBITDAM below 10 per cent amid cost headwinds.

It added JLR targets free cash flow breakeven in FY27 versus a negative GBP2.2 billion in FY26, despite US tariff pressure, China pricing constraints, higher warranty costs and forex weakness.

Additionally, North America growth market, with Jaguar Land Rover doubling down through product enhancements and potential partnerships, including with Stellantis, while maintaining a multi-powertrain strategy across Range Rover, Defender and Discovery, and positioning Jaguar as a pure electric brand.

Emkay Global Financial Services cut FY27-28 volume estimates by 11 per cent and 8 per cent reduced EBIT margin assumptions by 190 and 95 basis points. From an overall perspective, Tata Motors Passenger Vehicles outlook remains supportive.
Tata Motors PV shares have seen mixed performance across timeframes, with near-term weakness but longer-term gains, according to price data. The stock fell 5.2 per cent in one week and 9.3 per cent over two weeks, while rising 1.3 per cent in one month.

However, it gained 13.1 per cent over three months, but is down 1.7 per cent year-to-date and 13.5 per cent over one year. Six-month returns stand at 4.3 per cent, while two-year performance shows a 41.2 per cent decline. Long-term trends remain positive with a 69 per cent five-year rise and 26.1 per cent gain over 10 years.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)



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