Economic TimesLean R·
Tata Motors shares jump 6% after strong Q1; Nomura upgrades stock, CLSA retains Outperform rating
Shares of commercial vehicle major Tata Motors rallied as much as 6% to their day’s high of Rs 485 on the BSE on Thursday after it reported a net profit of Rs 2,560 crore in the first quarter of FY27, a jump of 83.3% from Rs 1,397 crore reported in the same period last year.Tata Motors said that the increase in net profit was led by a mark-to-market gain on investments in Tata Capital.The company’s revenue from operations came in at Rs 20,667 crore, up 19% from Rs 17,324 crore in the correspond…
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