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Tata Motors shares in Monday’s trade (April 7, 2025) marked their fresh 52-week low of Rs 542.55, cracking as much as 12 per cent intraday. At the last count, shares traded weak by over 8 per cent or Rs 49.95 at Rs 563.9 per share on the BSE, while on the NSE – the stock was down over 8 per cent at Rs 563.85.
Amid the sharp losses, the stock emerged as the top laggard within the Nifty50 pack.
The steep fall in the Tata group’s automobile major came following the company’s UK subsidiary- Jaguar Land Rover (JLR) decision to halt shipments to the US amid the US President Donald Trump’s tariff fall-out.
The company stated that it is currently assessing how to navigate Trump’s 25% tariff on imported cars.
Brokerage call post-JLR decision to halt shipments
Global brokerage Morgan Stanley has maintained equal-weight call on the stock with the target pegged at Rs 853, implying potential gains of 39 per cent from the previous close. The brokerage said that in case the auto tariffs remain than JLR could again go free cash flow (FCF) negative, making it tough to value the business. Slowdown in India and weak FCF profile of JLR could take stock closer to bear case of Rs 416 – suggesting a potential decline of up to 32 per cent from the last close.
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