Tata Motors: Analysts see up to 66% upside despite chip supply constraints

Shares of Tata Motors recovered 4 per cent from lows on Wednesday after the company scheduled an analysts' call later today to address the concern

Analysts tracking Tata Motors continue to see up to 66.5 per cent upside in the stock as they opine the concerns over deepening of semiconductor shortage are “misplaced” and are only “near-term headwinds”. 
 

Investors dumped shares of the Tata Group firm on Tuesday after the company’s UK subsidiary Jaguar Land Rover (JLR) warned of lower earnings on the back of semiconductor shortage in the September quarter of the current financial year. 
 

“Given the supply constraints, the company expects to report a cash outflow of about £1 billion with a negative EBIT margin for the quarter. Total liquidity at the end of