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.
3931 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
Suzuki to Launch New e SKY EV in Japan on November 16
Dev Vadchhedia
07 Oct 2026
Suzuki introduces its first electric kei car built on HEARTECT-e platform with a 310-kilometre WLTC range.
JSW MG Launches Limited-Edition Hector Storm Series at Rs 19.99 Lakh
Autocar Professional Bureau
07 Oct 2026
JSW MG introduces Hector Blackstorm and Snowstorm editions with dark-themed styling accents.
Trev Mobility to Raise $2 Million for Premium EV Fleet Expansion
Dev Vadchhedia
07 Oct 2026
Trev targets 300 vehicles by FY27 and plans multi-city expansion across Bengaluru and Mumbai.
