Tata Motors (NSE: TATAMOTORS) — Up 4.53%
JLR Delivers Record Margins: Tata Motors rallied sharply after Jaguar Land Rover (JLR) reported its best-ever EBITDA margin of 16.2% in Q3, driven by strong Range Rover demand in the US and China. The company also announced accelerated EV transition plans for JLR.
Key Catalysts:
- JLR order book remains healthy at 133,000 units
- Domestic EV market share stable at 72% with Nexon EV leading
- Morgan Stanley raised target to ₹1,100 from ₹950
What to Watch: The commercial vehicle segment faces headwinds from slowing infrastructure spending. However, the passenger vehicle + EV story remains compelling. FIIs have been net buyers for 5 consecutive weeks.
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