23/12/2025, 12:46:01 pm

Top brokerages give back-to-back bullish calls on Tata Motors CV

Tata Motors Commercial Vehicles (TMCV) share price rose 4% to ₹428.20 due to bullish calls from top brokerage firms. Nomura initiated coverage with a 'buy' rating, expecting a 40% upside to ₹481 per share. JPMorgan and Bank of America also issued positive outlooks, forecasting 10-15% CAGR in EBITDA and market share gains for Tata Motors.