Tata Motors has experienced a remarkable 40% surge in its share price since the beginning of the year, propelling its market capitalization to a historic ₹4 lakh crore. This robust performance has enabled Tata Motors to outstrip Maruti Suzuki and reclaim the top position in the Indian automotive market. As of Thursday’s close, Maruti Suzuki’s market capitalization stood at ₹3.93 lakh crore, trailing Tata Motors by ₹7,335 crore.
The resurgence in Tata Motors’ market standing comes after a five-month period during which Maruti Suzuki had held the lead, having surpassed Tata Motors in valuation in March.
Today’s trading session saw Tata Motors shares soar over 6%, spurred by an upgrade from the Japanese brokerage firm Nomura. The firm revised its rating on Tata Motors from “neutral” to “buy,” citing potential significant gains from the company’s luxury car division, Jaguar Land Rover (JLR). According to Nomura, JLR’s performance could substantially boost Tata Motors’ profit margins, contributing to the stock’s attractive upside potential.
