JLR facilities faces strike threats over third party staff - Angel Broking

According to media reports, the production line at Jaguar Land Rover (JLR) facilities in the UK may get impacted after delivery workers from DHL voted for a strike. The DHL workers have been demanding a large pay rise and similar terms and conditions on par with the JLR staff. As per the reports, DHL has close to 1,800 workers at JLR's facilities in Castle Bromwich, Solihull and Halewood and are responsible for managing the supply chain at the plants. We are watchful of the further developments on this front. However, any shutdown due to the third party strike could impact the JLR operations adversely. We retain our positive view on the company and maintain our Buy rating on the stock.

Our SOTP based target price for Tata Motors works out to Rs. 347.

Source : Equity Bulls

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