Tata Motors shares jump 2%. What’s driving the rally…

Tata Motors share price is surging, up over 2%, March 18. Recently, the company in an exchange filing on March 17 announced that it would hike prices on its commercial vehicles by up to 2%, effective April 1, 2025. As per the company’s filing, this move is aimed at offsetting rising input costs and will be applied across different models and variants.

HSBC revises outlook for Tata Motors

In a latest report, global brokerage firm HSBC has upgraded Tata Motors stock rating to ‘Buy’. The firm revised its target price to Rs 840 per share, implying a potential 29% upside from current levels.

While HSBC remains optimistic, it did lower its previous target from Rs 930, citing evolving market conditions. However, the firm believes that multiple tailwinds could drive margin expansion.

Tata Motors: Reasons for price hike

Tata Motors, India’s largest commercial vehicle manufacturer, stated that the price adjustment was necessary due to increased production expenses. In an exchange filing, the company said, “The price increase is to offset the rise in input costs and will vary as per individual models and variants.”

ALSO READPV and CV prices surge: Maruti Suzuki, Tata Motors announce fresh hikes

Apart from this, Maruti Suzuki, another major player in the automobile sector, also announced a price increase of up to 4%, citing higher operational costs and inflationary pressures.

Tata Motors stock performance

Tata Motors shares have faced turbulence over the past year. With a market capitalisation of Rs 2.47 lakh crore, Tata Motors share price has seen a marginal gain of 1% over the past five days. However, in the last month, the stock has declined by nearly 2%.

Looking at a broader trend, the stock has tumbled 30% over the past six months and is down 31% year-on-year.

On a year-to-date (YTD) basis, the share price of Tata Motors is down 10%. The 52-week high and low stand at Rs 1,179 and Rs 606.30 per share, respectively.

 » Read More

Related Articles

SIP portfolio down by 20-30 pc in current market crash? Here’s how to recover

The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last

Retirement Homes: A stable income source with long-term benefits

In the career of a professional, there inevitably comes a time when they must step away from their workplace responsibilities. Approximately twenty-five years ago, as individuals approached retirement, many contemplated the prospect of securing their own residence. However, the landscape shifted at the dawn of the 21st century. The introduction of affordable home loan options

2 Stocks with aggressive traits from William O’Neil India’s Dream 11 picks

Building a successful portfolio can be challenging. However, there is no better time to create one than during a market carnage, when stocks are cheap. However, again, knowing what to buy is tough. So, we have done the work for you and are sharing two stocks worth watching in this market. Mayuresh Joshi of William

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

SIP portfolio down by 20-30 pc in current market crash? Here’s how to recover

The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last

Retirement Homes: A stable income source with long-term benefits

In the career of a professional, there inevitably comes a time when they must step away from their workplace responsibilities. Approximately twenty-five years ago, as individuals approached retirement, many contemplated the prospect of securing their own residence. However, the landscape shifted at the dawn of the 21st century. The introduction of affordable home loan options

2 Stocks with aggressive traits from William O’Neil India’s Dream 11 picks

Building a successful portfolio can be challenging. However, there is no better time to create one than during a market carnage, when stocks are cheap. However, again, knowing what to buy is tough. So, we have done the work for you and are sharing two stocks worth watching in this market. Mayuresh Joshi of William

Personal Income Tax: Guess how much of govt’s direct tax revenue comes from you!

Do you think that the biggest income of the government comes from corporate tax? If yes, then these figures may surprise you. A large part of the government’s direct tax collection comes from personal income tax, while the growth of corporate tax has lagged in gaining momentum. How much is the government earning from personal

IRCON International rallies 9% today. Here’s why…

IRCON International’s share price jumped 9% to an intra-day high of Rs 150.40 on the National Stock Exchange. The surge in the stock price came after the company received a contract almost worth Rs 1,100 crore from the Government of Meghalaya.  The contract needs to be completed within 36 months. “It is to inform that