Tata Motors Commercial Vehicle (TMCV) arm will list on the exchanges on November 12. The new entity will trade in the T Group of Securities. According to the BSE notice, 368 crore equity shares of face value Rs 2 each will be admitted to trading under the ticker TMCV. The stock will remain in the … Read more
Global brokerage Jefferies warns that Tata Motors’ share price could drop to Rs 550, citing a 37–41% year-on-year (YoY) decline in Q1 EBITDA and pre-ex PBT, which also came in 13–22% below its estimates (JEFe). “We cut FY26-28E EPS by 8-15% on lower volumes and margins for JLR and India PVs. We expect a 19% … Read more
Tata Motors can rally another 13%, with the stock expected to scale target of Rs 700, riding on strong growth drivers. Motilal Oswal has recommended a ‘Buy’ rating on Tata Motors, estimating a healthy recovery as supply-side issues ease and commodity headwinds stabilise for its India business. India’s largest EV play is expected to benefit … Read more