Given the challenging business conditions amidst corona outbreak, we believe upside potential would be limited in the medium-term. Hence, we maintain our HOLD rating on the stock with a revised target price of Rs. 52 based on 4.2x FY22E adj. EPS. Corona update and impact on industry COVID-19 pandemic continues to weigh on global economic growth including India. IMF recently slashed its GDP growth forecast for India to 1.9% from 5.8% for FY21. Plants shut down and limited dealership activities owing to lockdown added pressure...