#A3RT ``Trust & Trade``

#TataMotors snapped its two-day losing streak to trade 2.1 percent higher at Rs 798 on January 4 after global brokerage JPMorgan upgraded it to 'overweight' and gave a huge raise to the target price, citing various levers for growth.

JPMorgan’s revised target price of Rs 925 on the stock is 36 percent higher than the previous target, and implies an upside of 18 percent from the last closing price of Rs 781.

Analysts at JPMorgan said the upgrade was driven by better-than-expected margins and free cash flow at auto major's British arm Jaguar Land Rover (JLR), as global luxury original equipment makers (OEMs) push for profitability over volumes.

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