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Tata Motors is vulnerable to near-term headwinds, say analysts

Its net worth has shrunk again; leverage ratio is up to a decade high

Tata Motors
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According to the brokerage, the first quarter of FY22 would be challenging for both domestic business and JLR division of Tata Motors

Krishna Kant Mumbai
Tata Motors has been one of the top-performing index stocks during the pandemic period. The Mumbai based automaker’s stock price is up 343 per cent since the end of March last year against a 69.3 per cent and a 74.8 per cent rise in the Sensex and the Nifty50, respectively. The rally in Tata Motors was driven by expectations of a sharp rebound in the company's revenue and profits in the second half of FY21 after a poor showing in the previous three years.

The company's results for Q4FY21, however, suggest that investors are in for a long haul and there's

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