Tata Motors’ stock faces pressure after CLSA downgraded its rating from ‘High Conviction Outperform’ to ‘Outperform’ and cut its target price to ₹765 per share. The brokerage cited concerns over:

• 25% import tariffs in the US, which could significantly impact Jaguar Land Rover (JLR) sales.

• The discontinuation of Jaguar models, which is expected to lead to a 14% year-on-year volume decline for JLR in FY26.

• EBIT margins expected to decline from 9% in FY25 to 7% in FY26-FY27 due to lower scale.

The downgrade reflects potential financial strain on Tata Motors, particularly affecting its luxury car division amid trade policy uncertainties.

UltraTech Cement Expands with Wonder WallCare Acquisition

UltraTech Cement’s board has approved the acquisition of Wonder WallCare for up to ₹235 crore. The deal:

• Expands UltraTech’s presence in the wall putty segment.

• Adds a 6 lakh metric ton (MT) per annum plant in Rajasthan.

• Expected to close within 90 days, strengthening UltraTech’s product portfolio and production capacity.

With growing demand for premium construction materials, UltraTech’s acquisition is a strategic move to increase market dominance.

Mazagon Dock Shipbuilders Drops as Government Plans Stake Sale

Shares of Mazagon Dock Shipbuilders fell sharply after the central government announced plans to divest up to 4.8% stake via an offer for sale (OFS).

• OFS set for April 4 (non-retail investors) and April 7 (retail investors).

• Floor price set at ₹2,525 per share, a 7.8% discount to the last closing price.

The government’s move aligns with its divestment strategy, impacting investor sentiment in defense PSU stocks.

Avenue Supermarts (D-Mart) Reports Strong Revenue Growth

D-Mart’s standalone revenue for Q4FY25 grew 16.7% YoY to ₹14,462 crore.

• 28 new stores added in the quarter, bringing the total count to 415 stores.

• The growth reflects robust consumer demand and expansion strategy.

HDFC Bank Gains on Strong Loan and Deposit Growth

HDFC Bank stock saw positive momentum after reporting:

• Gross advances grew 5.4% YoY to ₹25.1 lakh crore in Q4FY25.

• Deposits increased by 14.1% YoY to ₹23.8 lakh crore.

Growth in retail, commercial, and rural banking loans boosted the bank’s financial position, reaffirming its strong market standing.

Final Thoughts

The stock market remained volatile amid key updates:

• Tata Motors downgraded on Jaguar Land Rover concerns.

• UltraTech Cement’s acquisition strengthens its market position.

• Mazagon Dock’s government stake sale impacts investor sentiment.

• D-Mart and HDFC Bank show resilience with strong financial growth.

Investors should monitor global trade developments, cement sector expansions, and banking trends for long-term investment strategies.

The Upcoming IPOs in this week and coming weeks are Aten Papers & Foam.

 The Closed IPOs are  Infonative Solutions Limited, Spinaroo Commercial Limited,Retaggio Industries Limited.