Tata Motors Ltd. could see its stock price rise 38 percent from Tuesday’s closing level, as per a March 5 note from Morgan Stanley. Despite the bullish upside projection, the brokerage maintained an “equalweight” rating—equivalent to a neutral stance—on the stock, setting a target price of ₹853. Key Drivers Morgan Stanley highlighted robust retail sales … Read more
Tata Motors Ltd has witnessed the departure of several senior executives as the company restructures its operations, separating its car and truck manufacturing divisions to enhance competitiveness in each segment and maximize value. Mint earlier reported that at least half a dozen exits have taken place since August which were all in the ranks of … Read more
Indian auto stocks came under significant selling pressure in today’s trading session, February 21, with the Nifty Auto index dropping 2.9% to touch a 10-month low of 21,435. Fourteen out of 15 constituents of the index traded in the red, with M&M emerging as the biggest laggard, dropping 6%, followed by TVS Motor Company, Samvardhana … Read more