Tata Motors Ltd has announced that it will conduct a board meeting on March 19, 2025, to consider the issuance of rated, listed, unsecured, redeemable, non-convertible debentures worth up to ₹2,000 crore on a private placement basis, as per a filing with the BSE.
This announcement follows HSBC upgrading its rating on Tata Motors to “Buy” from its previous stance, while also reducing its target price to ₹840 per share from ₹930. HSBC cited reasonable valuations post a de-rating over the past 2-3 quarters as the main reason for the upgrade.
According to the HSBC report, Tata Motors’ Jaguar Land Rover division is currently trading at 1.8 times FY26 estimated EV/EBITDA, which is at the lower end of its historical average.
The stock market reacted positively to these developments, with Tata Motors shares trading at ₹662.15 as of 11.25 a.m. on March 17, 2025, showing a gain of ₹6.65 or 1.01 per cent from the previous close of ₹655.50. The stock opened at ₹665.05 and reached an intraday high of ₹666.45 and a low of ₹659.05.
