Multibagger: Tata ka Bharosa.

Tata Motors: Tata Ka Bharosa 
520 (November 2017) and subsequent
targets of ₹ 533, ₹570 and ₹620 (By April 2018). 
JLR is a wholly owned subsidiary of Tata Motors. It is the largest vehicle producer in UK. And not only has it produced steadily rising sales report (It accounts for 95% of profits of Tata Motors) but also it is soon planning to file for an IPO in the London Stock Exchange. The company is estimated to be around 12 Billion $. Tata Motors had acquired it at around 1.3-2 billion €. Even if Tata Motors sells 5-10% of the holdings, it would be massive ( bigger than most of the IPOs in India.) 
It would raise the valuation of JLR and to keep in mind, since the rest of 90% would still be held by Tata Motors (I.e. nothing but Tata sons, Institutional Buyers and Us retailers.) This process as a whole will spike up the valuationof Tata Motors subsequently P/E, book valuations and other such ratios will grow resulting in a higher rating, valuation, market cap, market price as well as institutional indulgence. 
If the above mentioned IPO listin actually occurs then, it will take Tata Motors to the next level. 
So it seems a viably safe gamble. If the above mentioned  listing doesn't take place, the sales reports of Newly launched Jaguar F-Pace and upcoming Tata Nexon, Tata Racemo and Range Rover Velar series should do the magic. 

Also, Tata Motors is willing to start a mid range (budget car) series followed by Tata Nexon. It will probably be using high end technology used in the JLR cars to compete prevalent manufacturers like Maruti, Hyundai, Toyota, etc. It would be foolish to under estimate the Tatas given their unsuccessful indulgence with Nano. Now, not only do they have ample assets, high end manufacturing plants, defence contracts but also benevolent tech shared by the JLR subsidiary. 

Also, some media houses have not ruled out the possibility of Ratan Tata being chosen as the next prez. He has been spotted at several right wing events and celebrations. It is currently just meagre speculation and it won't directly benefit the company but can definitely ramp up the credibility. 

So overall, Tata Motors is a buy at the CMP with the first target of ₹ 520 (November 2017) and subsequent targets of ₹ 533, ₹570 and ₹620 (By April 2018). If not for the target, there will be ample bonuses and dividends coming.