BOM:500570

Nomura Adjusts Tata Motors Passenger Vehicles' Price Target to INR373 from INR390, Keeps at Neutral

Jefferies Adjusts Tata Motors Passenger Vehicles' Price Target to INR300 from INR310, Keeps at Underperform

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) has an average rating of hold and mean price target of 376.78 Indian rupees, according to analysts polled by FactSet.

ICICI Securities Downgrades Tata Motors to Add from Buy; Price Target is INR415

Tata Motors' Consolidated Net Profit Rises in Fiscal Q4

Tata Motors' (NSE:TATAMOTORS, BOM:500570) consolidated net profit rose to 17.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 13.4 billion rupees a year ago.Earnings per share came in at 4.87 rupees from 3.65 rupees a year earlier, the commercial vehicles manufacturer said in a filing to the Indian stock exchanges. The EPS was lower than the 5.64 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 261.0 billion rupees from 218.6 billion rupees a year ago. This was higher than Visible Alpha's estimate of 193.2 billion rupees.The company's board recommended a final dividend of 4 rupees per equity share of 2 rupees each for the financial year ended March 31, to be paid by July 2.

Investec Upgrades Tata Motors to Buy from Hold; Price Target is INR445

Tata Motors (BOM:500570, NSE:TATAMOTORS) has an average rating of buy and mean price target of 527.55 Indian rupees, according to analysts polled by FactSet.