Follow us
Tata Motors' market cap breaches Rs 4 trillion mark for the first time
The rally was on the back of an upgrade by broking firm Nomura, which revised its rating for the auto company from 'Neutral' to 'Buy' and increased its price target by 26% to Rs 1,294 from Rs 1,141.
3665 Views
Auto major Tata Motors' market capitalisation crossed the four trillion mark for the first time. The auto stock surged over 6% to close the day at Rs 1,091.
The rally was on the back of an upgrade by broking firm Nomura, which revised its rating for the auto company from 'Neutral' to 'Buy' and increased its price target by 26% to Rs 1,294 from Rs 1,141.
Nomura's positive outlook is based on the belief that Jaguar Land Rover's (JLR) performance could significantly benefit Tata Motors' stock. The brokerage also highlighted the potential value that could be unlocked by Tata Motors' plan to demerge its passenger vehicle (PV) and commercial vehicle (CV) businesses.
RELATED ARTICLES
Bijliride and Indofast Energy Partner to Expand Battery-Swapping for EV Rentals
Angitha Suresh
30 Mar 2026
The tie-up will integrate Indofast's swap station network into Bijliride's rental platform, with Hyderabad set as the fi...
From IIT-B Lab to Dalal Street: Sedemac’s 19-Year Bet on Auto Electronics
Autocar Professional Bureau
30 Mar 2026
Anchored by TVS Motor and other Indian OEMs, Sedemac leveraged lab-born control algorithms, frugal hardware strategies, ...
Weekly News Wrap: Supply Risks Amid West Asia Tensions, March Sales Forecast, HMSI Production Plans
Kiran Murali
29 Mar 2026
Rising geopolitical tensions in West Asia are beginning to test the resilience of India’s automotive supply chain, even ...
