JM Financial maintains Buy on Tata Motors; raises target price to Rs 815 Jobbery Stock Market update

JM Financial maintains a buy call on Tata Motors, projecting a target price of Rs 815 by March 2027. This optimism is fueled by Tata Motors’ strategic focus on market share gains in the PV segment and growth opportunities in CV export markets. The company aims for double-digit EBITDA margins in both its CV and PV-EV businesses by FY30E.