Systematix has set a target price of ₹192 for JTEKT India, valuing the stock at EV/Ebitda of 17.5 times on December 2027E, in line with its past five-year average multiple
Since the start of CY2025, policymakers have announced a slew of measures, including income tax cuts, repo rate cuts along with CRR cuts, and GST reforms to revive consumer demand