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Tata Motors' stock surged 4% on positive outlook for Jaguar Land Rover and EV expansion.
Tata Motors' stock rose by 4%, reaching an intraday high of ₹671.90, following positive remarks about Jaguar Land Rover (JLR) profitability and net debt targets for FY25.
Several brokerages have given positive ratings, with target prices ranging from ₹720 to ₹930.
Despite some concerns about potential tariff impacts and model terminations, the company is confident in achieving its financial goals and expanding in electric vehicles.
Recent government orders and a focus on strong financials and EVs have also boosted the stock.
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Las acciones de Tata Motors aumentaron un 4% en las perspectivas positivas para Jaguar Land Rover y expansión de EV.