Nomura Forecasts Tata Sierra SUV as HUGE Growth Catalyst for Tata Motors - Is This Stock a Buy?

Overview

Japanese brokerage Nomura sees Tata Motors' new Sierra SUV as a major catalyst for passenger vehicle (PV) growth over the next three years. Despite maintaining a 'Neutral' rating, analysts predict the feature-rich Sierra will significantly boost volumes and value, setting a target price of ₹395 for the company.