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Tata Motors and Maruti Suzuki: Thursday's top brokerage calls
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Tata Motors and Maruti Suzuki: Thursday's top brokerage calls
Jun 7, 2023 11:09 PM

Tata Motors | Goldman Sachs has maintained a 'buy' rating on Tata Motors with a target of Rs 600 per share. it says the auto company is likely to have a 100 percent renewable power switch at all its plants by 2030.

Tata Motors | UBS has maintained a 'sell' rating on Tata Motors with a target of Rs 450 per share. It says the company is aiming for near-zero net deb in its India operations by FY25, despite a Rs 8,000 capex in FY24.

Tata Motors | JPMorgan has maintained a 'neutral' rating on Tata Motors with a target of Rs 455 per share. It says the company's commercial vehicles segment should moderate in FY24.

Maruti Suzuki | Nomura has maintained a 'neutral' rating on Maruti with a target of Rs 9,659 per share. It says the company revealed its Jimny five-door pricing, aiming for a premium lifestyle. However, it came in a little higher than expected.

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