Tata Motors shares rise 6% after Q1 beat; Nomura lifts rating to Buy, CLSA flags over 30% upside
Tata Motors' commercial vehicles unit delivered a strong Q1 FY27 with net profit up 83% YoY and EBITDA margin beating consensus by ~50 bps, helped by demand strength and price hikes. Nomura upgraded to "Buy" and CLSA reiterated "Outperform", reinforcing positive positioning in Indian cyclicals. Near-term focus shifts to sustainability of double-digit volume growth and margin resilience amid commodity inflation.
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▲ Bullish
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Tata Motors shares climbed 6% to Rs 484.6 after the company reported strong first-quarter results. Nomura upgraded the stock to Buy, while CLSA said its target price implies more than 30% upside from the prior close. The company’s Q1 EBITDA margin was about 50 basis points above consensus, and its market capitalisation stood at more than Rs 1.68 lakh crore.