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.
3636 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
MSRTC to Replace Entire 22,000-Bus Fleet with Electric Vehicles by 2037
Autocar Professional Bureau
17 Mar 2026
Maharashtra scraps plans for new diesel bus purchases; state positions itself as the first in India to commit to a full ...
Bharat Forge Arm JS Auto Completes ₹300 Crore Fundraise; PI Opportunities Fund Acquires 23% Stake
Autocar Professional Bureau
16 Mar 2026
Following the allotment, JS Auto’s status has changed from a step-down wholly owned subsidiary to a step-down subsidiary...
Fiem Industries Commissions EMI/EMC Testing Laboratory in Gurugram
Arunima Pal
16 Mar 2026
The facility has been built with an investment of ₹216 crore and is spread across 18.4 acres with a built-up area of abo...
