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Broker optimism lifts Tata Motors commercial vehicle stock amid recovery expectations
Tata Motors CV shares rose on back-to-back bullish brokerage calls, with analysts betting on domestic volume recovery, pricing discipline, and improving fleet economics supporting further upside.
Tata Motors Commercial Vehicles shares extended gains on December 23 after receiving consecutive bullish calls from leading global brokerages, reinforcing confidence in a domestic recovery cycle. The stock climbed about 4% as analysts highlighted improving fundamentals in India’s medium and heavy commercial vehicle segment. Nomura initiated coverage with a ‘Buy’ rating, projecting strong volume growth driven by Tata Motors’ nearly 46% market share, higher freight rates, and an ageing fleet that supports replacement demand.