BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Motors Ltd.’s Q2 FY21 marked initial signs of volume recovery, the benefit of mix, and cost-cutting initiatives coming together.
This coupled with normalcy in working capital as well as tight control on capex – resulted in free cash flow turning positive.
Jaguar Land Rover’s near-term volumes may be at risk from a potential second wave of Covid-19.
However, mix improvement and tight cost/capex control would drive sharp improvement in operating performance and debt reduction.
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