India's Tata Motors CV rises on higher quarterly profit, positive demand commentary

Tata Motors

13/08/2026 05:32

** Shares of commercial vehicle maker Tata Motors TATM.NS up about 5% at 479.70 rupees, their highest level in over five months
** Company's first-quarter profit rises 8.3% to 15.28 billion rupees ($160.24 million), and revenue from operations up 23.3% at 193.3 billion rupees
** Commentary on growth outlook, market share gains constructive while export to see boost from large Indonesia order win, says BofA Securities ("Buy",TP of 515 rupees)
** While raw material inflation, EV scale-up costs may cap near-term margin upside, price hikes, operating leverage should help margins recover as volumes improve, Ambit says ("buy", TP of 510 rupees)
** RSI at 73, stock enters "overbought" category for the first time in six months, according to LSEG-compiled data
** YTD, shares up 15.15%
     
($1 = 95.3550 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))