Turning the corner! Motilal Oswal sees 18% upside in Tata Motors on strong JLR recovery

Nomura has a Buy call on Tata Motors with a target price of Rs 508, which signals an upside potential of 14% from the current market prices. ICICI Direct upgraded Tata Motors’ stock from hold to buy with a target price of Rs 530 post the Q3 results, which signals an upside potential of 19% from the current market prices.