Tata Motors Commercial Vehicle share price hit an over five-month high of ₹487.40 after gaining 2 per cent on the BSE in Thursday's intra-day trade. According to reports from Business Standard, the stock is quoting at its highest level since March 3, 2026, and had previously hit a record high of ₹508.95 on February 27, 2026. The stock price has demonstrated strong momentum, surging 4 per cent during the third straight day of trading and bouncing back 22 per cent from its June low of ₹398.55 on the BSE.
As reported by Business Standard, the equity shares of Tata Motors were listed and admitted to trading on BSE and the National Stock Exchange (NSE) with effect from November 12, 2025. The company's name was changed from TML Commercial Vehicles to Tata Motors with effect from October 29, 2025, following the demerger of the commercial vehicles business from Tata Motors Passenger Vehicles. This corporate restructuring has contributed to the stock's recent performance improvements.
According to Business Standard, Tata Motors in the financial year 2025-26 (FY26) annual report stated that the business enters FY27 with sound fundamentals and a competitive portfolio. The company expects industry growth to be more moderate than in FY26, reflecting a higher base and some near-term uncertainties in the external environment. Management anticipates double-digit CV industry volume growth year-on-year in Q2FY27F, though from Q3FY27F it will face a higher base following last year's Goods and Services Tax cut-led demand recovery. With 12 per cent E-way bill growth in Q1 and 3 per cent diesel consumption growth, management remains positive about the full-year growth outlook. The underlying demand drivers for commercial vehicles in India remain constructive, supported by infrastructure activity, improving fleet utilisation and the ongoing transition towards cleaner and more connected transport.
As reported by Business Standard, analysts at ICICI Securities upgraded their rating to BUY on Tata Motors and values it at ₹550 on an SOTP basis (12.5x EV/EBITDA on FY28E, 2x P/B on investments). The brokerage firm highlighted healthy growth prospects in the domestic market coupled with high export growth visibility, market share gains ambition, and strategic global pivot including the Iveco acquisition. Analysts at InCred Equities have an 'add' rating on Tata Motors with a target price of ₹496 per share, considering supply chain challenges and cost inflation while preferring companies with demand ahead of supply, providing pricing power. The business remains agile and is closely tracking geopolitical developments and the evolving macro environment, with priorities for FY27 including scaling the refreshed product portfolio, sustaining profitable growth across segments, expanding electric and sustainable mobility offerings, and growing international business while navigating geopolitical risks.
