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
2947 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
Cabinet Approves ₹1 lakh crore RDI Scheme to Fuel Sunrise Sector Innovation
Arunima Pal
01 Jul 2025
The RDI Scheme is designed to address key constraints in financing private R&D initiatives by offering long-term, low or...
Honda Motorcycle & Scooter India Sales Decline 17% YoY in June
Arunima Pal
01 Jul 2025
Company expanded road safety and EV outreach alongside product launches in June.
Tata Motors Cedes Ground to MG and Mahindra in Electric PV Market
Arunima Pal
01 Jul 2025
MG and Mahindra command more than 53% of the electric PV market, a dramatic reversal from a year ago, when Tata alone he...
