Buy Tata Motors Ltd. target Rs 560 : Bank of America Merrill Lynch

Bank of America Merrill Lynch has Buy call on Tata Motors Ltd. with a target price of Rs 560 .The current market price of Tata Motors Ltd. is 460.15 Time period given by analyst is year when Tata Motors Ltd. price can reach defined target.
New Range Rover launch to strengthen product pipeline, plugs gap between RR-Sport & RR-Evoque, addresses a growing mid- size SUV segment. Weak margins in recent quarters have been a source of disappointment for investors. New product tailwinds are seen for both volumes and margins. Outlook for FY18/19 appears to be strengthening.