A modest reduction in Tata Motors' discount rate, despite a slight dip in revenue growth forecasts, has contributed to a marginal increase in the consensus analyst price target from ₹746.26 to ₹761.89.
What's in the News
- Tata Motors has agreed to acquire 100% of Iveco Group's common shares, excluding its defense business, for $4.5 billion, marking it as the largest-ever acquisition for the company.
- The company plans to raise close to €1 billion through equity or qualified institutional placement and monetize its Tata Capital stake to help repay the €3.8 billion bridge loan for the Iveco acquisition.
- Tata Motors is creating a new Dutch holding subsidiary, TML CV Holdings B.V., to structure the Iveco transaction and manage international participations.
- Mr. P B Balaji is set to succeed Mr. Adrian Mardell as CEO of JLR.
- The board approved the issuance of equity shares to employees under performance and stock option plans.
Valuation Changes
Summary of Valuation Changes for Tata Motors
- The Consensus Analyst Price Target has risen slightly from ₹746.26 to ₹761.89.
- The Discount Rate for Tata Motors has fallen slightly from 21.68% to 20.68%.
- The Consensus Revenue Growth forecasts for Tata Motors has fallen slightly from 6.7% per annum to 6.6% per annum.
Disclaimer
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