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Tata Motors CV shares surge 3% after profit jump but brokerages warn of bigger risks
Business
Published on 15 May 2026
Profit leapt 70% yet IVECO concerns drove a downgrade
Tata Motors’ commercial vehicle (CV) business shares jumped about 3% on Friday, snapping a five-session losing streak even after Q4 results disappointed investors. Standalone net profit rose 70% year-on-year to Rs 2,406 crore and revenue increased 22% to Rs 24,452 crore, alongside a proposed final dividend of Rs 4. Still, brokerages stayed cautious: Nomura cut to Neutral citing global risks and IVECO issues, while others flagged margin pressure from fuel and commodity costs.
- Tata Motors CV shares rose around 3% to an intraday high of Rs 390.65
- Standalone net profit jumped 70% YoY to Rs 2,406 crore in Q4 FY26
- Revenue climbed 22% YoY to Rs 24,452 crore for the quarter
- Nomura downgraded from Buy to Neutral and cut target price by ~27% to Rs 402
- JM Financial retained Buy but trimmed target to Rs 555, citing margin dynamics and costs
- Motilal Oswal kept Neutral at Rs 416 amid weaker-than-expected other income
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times