Tata Motors Q2 print leaves Street stressed. What should investors do?
While JP Mogran downgraded the stock to neutral, Kotak Institutional Equities downgraded it to add. While giving a target price of Rs 455 on the stock, JPMorgan said JLR Q2 wholesales disappointed while retails were slightly better. Brokerages are also worried that the Tata group company’s zero net debt target could get pushed beyond FY25 from FY24.
