INSUBCONTINENT EXCLUSIVE:
The Tata group firm reported Rs 3,679.66 crore loss for the quarter against a loss of Rs 1,862.57 crore last year
Analysts in an ETNOW poll had projected a hit of Rs 1,890 crore.
The stock fell 4.29 per cent to Rs 138.15 on BSE.
"Demand outlook remains
The brokerage has a target of Rs 156 on the stock, valuing the India business at 7 times December 2020E Ebitda and JLR at 5.5 times
downshift in demand, which management expects to improve ahead
Motilal Oswal Securities has cut its FY20 consolidated EPS estimate by 24 per cent
While volumes for JLR appear to have bottomed out, a profitable recovery with cash generation would be very gradual and challenging in a
(run-out of most profitable RR/RR Sport)