Tata Motors shares will be in focus in Friday's session as the company reported strong operational performance but with a disappointing outlook. Adjusted EBITDA at the company increased 14 per cent on year to Rs 15,509 crore, while the same was estimated at Rs 15,075 crore. 

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For the reporting quarter, the company's adjusted EBITDA was recorded higher by 14.4 per cent as against estimates of 13.7 per cent. The company noted that the demerger of the company's PV and CV segments may still take another 12-15 months.

Here's how global brokerages rate the stock after its Q1FY25 results

Global brokerage Jefferies continued with its buy rating on the stake with a raised target of Rs 1,330, implying over 15 per cent probable gains. The company posted good Q1 and JLR guidance has been maintained. The brokerage further noted that the India business CV margin came in better than estimates, while JLR has been in-line. It added that JLR's Q2 and Q3 shall be impacted by aluminium supply issues. The brokerage factors lower India volumes but higher CV margins. Also, it expects 11 per cent EBITDA and 19 per cent EPS CAGR.