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Plans to cut debt, rack up gains via cost cutting perk up Tata Motors stock

While analysts expect volume growth in 2019-20 (FY20) to be flat, they expect it to be at 4 per cent each in the next two years

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Ram Prasad Sahu Mumbai
The Tata Motors stock gained about 17 per cent on Tuesday on the back of brokerage upgrades owing to a better-than-expected September quarter performance at its British unit, Jaguar Land Rover (JLR).

Plans to reduce debt and rack up gains through cost cutting also perked up the Tata Motors stock.

The stock has, over the last two trading sessions, gained 36 per cent. While analysts have pointed out multiple triggers for this, what has led to the upgrades is the operational turnaround at JLR.

Volumes for the maker of JLR cars are showing signs of bottoming out after five quarters of muted growth,

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First Published: Oct 30 2019 | 12:56 AM IST

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