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HinduBusinessLine
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Broker’s call: Tata Motors (Buy)
- Tata Motors' share price has corrected nearly 27% in the last 3 months.
- JLR's implied FY27E EV/S is near historical lows at about 0.7x.
- Tata Motors' financial health improvement story remains intact despite potential weakness in US sales next year.
- The brokerage retains Buy rating while lowering the target price to ₹800.
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