Tata Motors shares get an upgrade after a 37% drop from their peak on better risk-reward

DAM Capital expects Jaguar Land Rover’s (JLR) volumes to grow at a Compounded Annual Growth Rate (CAGR) of 6.5% over financial year 2025-2027 and it is also factoring in slightly lower margins and lower valuation multiples for the CV, PV and JLR business.

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