Tata Motors Falls 3.5% on Iveco Deal Buzz

  Published 10 months ago

Tata Motors slid 3.5% after reports of a $4.5B Iveco buy; analysts question strategic fit and balance sheet impact.

  • ICICI Direct flagged a lack of synergy, warning that the deal could pressure TAMO’s recently net debt-free balance sheet.
  • TAMO was the top loser on Nifty Auto and Nifty 50; stock down ~10% YTD despite the sector's ~4% rise.
  • Median analyst price target is Rs 750; current consensus rating on stock remains "Hold", LSEG data shows.

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