Tata Motors shares reach a 52-week high after Nomura upgrades to 'Buy' and raises price target by 26%.
Tata Motors shares hit a new 52-week high after Nomura upgraded the stock from 'Neutral' to 'Buy' and raised its price target by 26% to Rs 1,294. The upgrade is based on Nomura's belief in Jaguar Land Rover's (JLR) execution, which can lead to significant upsides for Tata Motors stock. Tata Motors' shares have climbed 67% in a year and 137% in two years, with a market cap of Rs 3.55 lakh crore.
July 25, 2024
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