Tata Motors saw a 2% jump in shares after DAM Capital issued an optimistic outlook for the Indian auto sector. The brokerage upgraded Tata Motors to ‘Buy’ from ‘Neutral,’ setting a target price of ₹870.
It anticipates a recovery in the sector by FY26, driven by favorable macroeconomic conditions. Despite this long-term optimism, the near-term outlook remains cautious due to a slowdown in demand across various segments. Investors remain hopeful about the company’s future growth as macroeconomic trends support a sector rebound by FY26.
Tata Motors’ stock opened at ₹749.00, reaching a high of ₹757.85 and a low of ₹745.70. The 52-week high for the shares stands at ₹1,179.00, while the 52-week low is ₹717.70.
As of 9:30 a.m., Tata Motors shares were trading 2.08% higher at Rs 756.20 on the NSE.
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