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.
By Autocar Professional Bureau
3681 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
Exclusive: Toyota readies India product blitz as growth shifts from alliances to own platforms
Ketan Thakkar
04 Apr 2026
The automaker plans multiple new models, including the next-generation Innova HyCross, a C-segment SUV, updated Fortuner...
India’s CV Growth to Cool to Mid-Single Digits After 10-11% Surge in FY26: Crisil
Shahkar Abidi
04 Apr 2026
After a GST-driven 10–11% surge in FY26, India's commercial vehicle industry braces for moderate mid-single-digit growth...
Why Truck Financing Refuses to be Rushed
Shahkar Abidi
04 Apr 2026
NBFCs controlling 64% of commercial vehicle financing resist instant-approval pressure, targeting same-day turnarounds a...
