Tata Motors Share Price Target: The shares of India’s largest commercial vehicle manufacturer, Tata Motors, will be in focus in today’s (May 14) trading session following the company’s quarterly results. The company, in the previous session, reported a 33.8 per cent rise in consolidated net profit, primarily supported by strong volume growth, marking a healthy quarter for the automaker. (Tata Motors CV Q4 Results)
Additionally, brokerage firms such as Emkay Global Financial Services and Motilal Oswal Financial Services have maintained a Neutral-to-Bullish stance on the company after its Q4 results announcement. Despite mixed commentary, brokerages see an upside potential of up to 56 per cent in the stock.
MOSL sees limited upside
Motilal Oswal has maintained a Neutral rating on Tata Motors with an unchanged target price of Rs 416, implying an upside potential of 8.2 per cent.
The brokerage noted that rising costs are likely to pressure near-term margins, resulting in a cautious growth outlook for the company. It also cut its CV volume CAGR estimate for FY26–28E to 6 per cent from 8 per cent earlier. Earnings came in below estimates due to lower other income, the brokerage added.
Emkay recommends BUY on the CV stock
Emkay has maintained a BUY rating on Tata Motors with a revised target price of Rs 600, although it cut the target by 14 per cent. Despite the downward revision, the brokerage still sees an upside potential of 56 per cent in the stock.
The brokerage highlighted near-term margin pressure due to commodity inflation and a cautious demand outlook.
It also noted that Tata Motors reported an in-line Q4 performance, with revenue rising 22 per cent YoY, driven by a 6 per cent QoQ increase in average selling prices (ASPs) and 19 per cent YoY volume growth, led by strong MHCV performance.
On the outlook front, Emkay reduced its EPS estimates for FY27 and FY28 by 6 per cent and 4 per cent, respectively, while revising the valuation multiple to 14x FY28 EV/EBITDA.
Tata Motors Stock Performance
Readers should note that, as of October 2025, Tata Motors has been restructured into two separate entities: Tata Motors Passenger Vehicles, focused on cars and SUVs, and TML Commercial Vehicles, focused on trucks and buses. Since the restructuring, the stock has remained under pressure.
Tata Motors shares have delivered weak short-term performance, declining 10.47 per cent over the past week. The negative trend has persisted across other short-term timeframes as well, although the stock remains up 20.02 per cent over the last six months.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
