Tata Motors CV shares surge over 6% after Q1 profit

Tata Motors makes trucks and other big vehicles that businesses use.

In the three months ending in June, the commercial vehicles part of the company made much more profit than it did a year earlier.

Because the results were so good, many investors wanted to buy the company's shares, and the share price jumped by more than 6% in one day.

The company's profit after tax grew by 83% compared with the same period last year.

Some financial experts, called analysts, are very optimistic and think the shares will go even higher, so they set high target prices.

Others are more careful and believe the shares are already fairly priced, so they told investors to hold rather than buy.

The company is investing in electric commercial vehicles, and one in ten of its small commercial vehicles is now electric.

Tata Motors raised its prices in July to help cover rising material costs.

Everyone agrees the company is doing well right now, but they disagree about what will happen next.