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
3700 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
Bosch and Qualcomm Expand Partnership to Cover ADAS
Sarthak Mahajan
11 Apr 2026
The two companies are broadening a collaboration that began with cockpit computers to now include scalable ADAS platform...
Exclusive: Mahindra & Mahindra names Aman Malik Auto Division National Sales Head; Dinesh Kurup to Lead Sales Planning
Ketan Thakkar
10 Apr 2026
Automaker restructures sales and marketing set-up, splits Baneswar Banerjee’s role to sharpen execution and planning fun...
New Cafe 3 Draft Eases Emission Limits; Small Cars To Benefit More From Flatter Curve
Kiran Murali
10 Apr 2026
Small cars see a larger easing in their emission limits, but the explicit 3g relief for small cars has been dropped.
