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CREDIT SUISSE ON TATAMOTORS: Maintained Outperform with price target of Rs 560. Management upbeat on the performance of the India business. Improvement in CV market share to sustain. JLR market outlook not rosy China only large market with strong demand. Next quarter will be very strong with four launches and seasonality kicking in. Margins in the current quarter will stay muted. Continue to like Tata Motors as JLR is entering a sweet spot. Product launches to drive double-digit growth for the next few quarters.

8.43 AM Dec 19th
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