Tata Motors Shares Gain 2% After Morgan Stanley Sets ₹853 Target
Shares of Tata Motors surged 2.1% in intraday trade on Wednesday, hitting a high of ₹632.25 on the BSE. The rally came after Morgan Stanley, a global brokerage firm, assigned an Equal-Weight rating to the stock and set a target price of ₹853 per share.
38% Upside Potential 🚀
Morgan Stanley’s target suggests a potential upside of nearly 38% from Tuesday’s closing price, sparking investor optimism. The brokerage’s outlook indicates confidence in Tata Motors’ growth trajectory, backed by strong fundamentals, expanding market share, and its leadership in the electric vehicle (EV) segment.
Key Drivers Behind Tata Motors’ Growth
- Robust EV Portfolio ⚡ – Tata Motors continues to dominate the Indian EV market, benefiting from increasing demand and government incentives.
- Strong Domestic Performance 📈 – The company’s passenger and commercial vehicle sales have remained resilient despite market fluctuations.
- JLR’s Global Strength 🌍 – Jaguar Land Rover (JLR), Tata Motors’ luxury vehicle subsidiary, has shown steady recovery, contributing significantly to revenue and profitability.
Investor Sentiment & Market Outlook
With Morgan Stanley’s bullish target, Tata Motors is gaining traction among investors. The stock’s performance will likely be influenced by upcoming earnings reports, global demand trends, and further developments in the EV sector.
As the company continues to innovate and expand, will Tata Motors hit ₹853 soon? Stay tuned for more market updates! 🚀📊
