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Tata Motors (Deutsche Bank) July 2011: another month of slowdown in heavy truck volumes |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Aug 2011 | buy | 1365 | 960 | Deutsche Bank Report | |
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Tata Motors (Emkay) Focus shifts to 2HFY12, Retain BUY |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | buy | 1450 | 951 | Emkay Report | |
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Tata Motors (Citi) Jaguar Land Rover Conference Call Takeaways |
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1Q volume slowdown reflects weak UK and EU demand;while momentum picks up in China and Russia;Model year refresh for XF dragged Jaguar volumes;Update on China;Smaller Jaguar and engine manufacturing facility in the pipeline; We remain cautiously optimistic | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | buy | 1203 | 951 | Citi Report | |
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Tata Motors (Citi) JLR – Adding Beta to the Business: Part 2 |
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Phase II of JLR’s transformation has now commenced;Business Implications;Financial Implications and earnings impact;Maintain Buy;TP of Rs1,203 | Date | Rating | Target Price | Recommendation Price | Broker house | | 19 Jul 2011 | buy | 1203 (from 1533) | 994 | Citi Report | |
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Tata Motors (UBS) Earnings are likely to have peaked, Sell |
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Event: Further concerns on growth and margins;Impact: Reducing estimates for JLR and domestic business;Action: Earnings momentum is weak, downgrade to an anti-consensus Sell;Valuation: Downgrade Rating to Sell (from Buy), Reduce PT to Rs 920 | Date | Rating | Target Price | Recommendation Price | Broker house | | 13 Jun 2011 | sell (from buy) | 920 (from 1360) | 1019 | UBS Report | |
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Tata Motors (HDFCSecurities) Q4FY11 Result Update |
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Tata Motors (ICICIsecurities) Domestic margins slip, JLR lends support |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 31 May 2011 | strong buy | 1418 | 1088 | ICICI securities Report | |
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tata motors (Angel) Consolidated results driven by volume growth and higher average realisation |
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tata motors (GoldmanSachs) In line with expectations: JLR drives earnings; India margins weak |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
neutral |
1186 |
1161 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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tata motors (UBS) Q4FY11: Margins disappoint, Capex rises |
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Event: Q4 EBITDA margin below expectation; JLR capex raised further; Impact: Reducing domestic est., raising volumes for JLR; Action: Reduce PT on rising capex; Valuation: Maintain Buy; price target to Rs.1,360 (from Rs 1,500)
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
1360 (from 1500) |
1161 |
UBS Report |
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