Jaguar’s China Turnaround Fuels Rebound in Indian Owner’s Shares
- ‘Light at the end of the tunnel’ for carmaker: analysts
- Owner Tata Motors soars more than 30% over two trading days
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A recovery by Jaguar Land Rover’s Chinese business could have legs, analysts said, fueling a stock surge by the British luxury-car maker’s Indian owner.
Tata Motors Ltd. rose as much as 35% over two trading days after reporting stabilizing demand for its British premium brand in China. JLR showed “significant improvement” and the business is likely to improve its profitability, Kotak Institutional Equities said in a research note.