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Tata Motors PV: Should You Buy, Sell Or Hold This Auto Stock On April 15?

News Snapshot:

TMPV Shares: Amid rising tensions over US-Iran war, supply chain issues and surge in key commodity costs, ICICI Direct assigned 'HOLD' rating on the Tata Motors Passenger Vehicle (TMPV) stock. "Given uncertain demand & margin recovery at JLR despite robust volume growth at Indian operations as well as increasing leverage on B/S, we assign HOLD rating on the stock and value it at Rs 370 on SOTP basis," as per a brokerage note. This comes after reports circulating that India's third largest passenger vehicle maker's luxury arm Jaguar Land Rover (JLR) has suspended production at a UK plant for up…

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