Ambit Capital initiates coverage on Tata Motors CV with 'Buy' rating, citing growth potential.
Summary
Ambit Capital has initiated coverage on Tata Motors' CV business with a 'Buy' rating. The report highlights market leadership, operating leverage, and global expansion as key drivers. While acknowledging market share volatility and execution risks, the analysis suggests positive long-term prospects.
Key Points
- Ambit Capital initiated coverage on Tata Motors' CV business.
- Rating: 'Buy'
- Key drivers: Market leadership, operating leverage, and Iveco-driven global expansion.
- Risks: Market share volatility and execution risks.
Full Article
Ambit Capital has initiated coverage on Tata Motors’ CV business with a ‘Buy’ rating, citing market leadership, operating leverage and Iveco-driven global expansion. Strong revenue and EBITDA trends, improving execution, and strategic restructuring support long-term prospects, though market share volatility and execution risks remain key variables influencing potential re-rating momentum.