How do you read TataMo’s results? Overall weak numbers, even below lower expectations, however management seemed positive on recovery – both in JLR (one off Aluminium supply issue easing, China may remain a drag though), PV (good festive season demand pickup). Wholesale sales reduced to manage channel inventory. Overall, they kept FY guidance intact with recovery expected in H2.
So, what’s the view from here: Is worst behind now for the stock after shap 35% correction from top? Or slower EV and continuous market share loss will continue to drag?
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