- Easing of US-China trade war;
- Better than expected performance in JLR with global growth recovering. Currently the street is building in very conservative estimates;
- Revival in MHCV demand, typically the first one to recover when growth recovers and mgmt is indicating pick up in enquiries and retail demand.
- Most importantly Tata Sons has recently infused INR65bn into the company to increase its stake from 35.3% to 43.73%!
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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