Archive · 23 Dec 2025
Tata Motors CV Stock Surges on Bullish Calls
Tata Motors Commercial Vehicles (TMCV) is a company that makes big trucks and other commercial vehicles.
Recently, its stock price went up a lot because some big investment companies, like Nomura and JPMorgan, said it's a good time to buy the stock.
They think the company will do well because more people will need trucks, and the company has a big share of the market.
The stock price reached ₹428.20, and these companies think it could go even higher.
Some people are excited about this, but others think it's important to be careful because the market can change.
Tata Motors CV share price surged 4% to hit ₹428.20 on December 23, 2024.
Nomura initiated coverage with a 'buy' rating and a target price of ₹481, indicating a 40% upside.
JPMorgan and Bank of America also issued bullish calls with target prices of ₹475 each.
Ambit Capital initiated coverage with a 'buy' rating and a target price of ₹430.
The anticipated recovery is attributed to rising freight rates, improving profitability, and strategic acquisitions.
- Who
- Tata Motors Commercial Vehicles (TMCV)
- What
- A surge in stock price driven by bullish calls from top brokerages
- When
- December 23, 2024
- Where
- Indian stock market
- Why
- Anticipated recovery in domestic and European markets, strategic acquisitions, and positive brokerage ratings
Bullish Investors
Cautious Investors
Stock Performance
Bullish Investors
The stock's recent surge and bullish calls indicate strong growth potential.
Cautious Investors
Past performance does not guarantee future results, and caution is advised.
Market Recovery
Bullish Investors
The anticipated recovery in the domestic and European markets supports a buy rating.
Cautious Investors
Market recovery timelines and actual performance may vary from expectations.
- Stock
- Tata Motors Commercial Vehicles (TMCV)
- Current Price
- ₹428.20
- Market Share
- 46% in domestic medium and heavy commercial vehicle segment
- Expected Growth
- 10% in FY26 and FY27, 5% in FY28
- Brokerage Ratings
- Buy (Nomura, Bank of America), Overweight (JPMorgan), Buy (Ambit Capital)
- Target Prices
- ₹481 (Nomura), ₹475 (JPMorgan, Bank of America), ₹430 (Ambit Capital)
- Strategic Acquisition
- Iveco (Italy-based)
- Expected EBITDA CAGR
- 15% for FY26–FY28
Sources
This penny stock under ₹20 erases 12-month losses with 74% rally in just four sessions
Trade Setup for December 23: Nifty aims to move back to record highs amidst lack of directional cues
Tata Motors CV share price gets back-to-back bullish calls from top brokerages. Is it time to buy?
