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News Topical, Digital Desk : Three major brokerage firms—Nomura, Jefferies and Nuvama—have given their opinion on Tata Motors. All three have a slightly cautious opinion, and they do not see any major uptrend in the stock. On 9 June 2025, the company's stock closed at Rs 717.80, up one percent. The stock has fallen -26 percent in one year.

Nomura's opinion on Tata Motors
- Rating: Neutral means neither advice to buy nor sell, if you have shares then the target price has been set at ₹ 799 per share. Reports show that the company's focus is to increase market share and profit in both commercial vehicles (CV) and passenger vehicles (PV). In the next two years, an annual growth of 5% is expected in the sales of medium and heavy CV (MHCV). It is very important to increase the share in SCV (small commercial vehicle). JLR (Jaguar Land Rover)'s outlook is to come on June 16, which investors are considering as an important turning point.

Jefferies' opinion on Tata Motors - Rating: Underperform (meaning there is a possibility of weaker performance than the market). Target price: ₹ 630 per share has been fixed. The company is working on improving margins and brand in both PV and CV segments. In passenger vehicles, it plans to launch 7 new vehicles, and wants to achieve 10% EBITDA margin by FY30. In CV, it aims to grow by 3–5% between FY25–30 and increase market share by 3% by FY27. But the brokerage is concerned about several challenges that could impact the company's various businesses. Nuvama says about Tata Motors that the rating: Reduce (meaning it is better to sell than hold). Target price: ₹ 670 per share. Reports say that there is a possibility of single digit growth in CV and PV segments in FY26. The target is to increase the CV market share to 40% by FY27 (36% in FY25). The plan is to increase the PV market share to 16% (13% in FY25). 7 new products will be launched in the PV segment, including Sierra, Avinya range, two ICE and two EV. Free cash flow of ₹1000 crore expected from ICE segment in FY27, while FCF of EV segment will remain negative Overall-Brokerage firms are hopeful of Tata Motors' strategy and new launches, but they are advising to be cautious in near future. JLR's guidance (16 June) can prove to be a big trigger for investors. Increasing the share of SCV segment will prove to be a milestone for the company. 


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