Tata Motors: Positives fully priced in, analysts still upgrading the stock

There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments. Globally, volume recovery in Jaguar Land Rover (JLR) suggests there is likely to be strong growth in revenue, profitability, and free cash flow (FCF). There is also a focus on grabbing market share in the domestic