JM Financial also retained a 'Reduce' rating with a target price of Rs 357. The cyber attack resulted in a volume loss of approximately 50,000 units, the brokerage said.
According to the company’s investor presentation, the company clocked wholesale of 117,000 units in Q3, marking a 20% year-on-year jump.
Tata Motors share: MOFSL said it remains to be seen if TMCV can recover lost share in CVs post these new launches, which has been one of the key investor concerns.
Shares of Tata Motors Passenger Vehicles tumbled 4 per cent on Tuesday after it announced a weak set of numbers by its wholly-owned subsidiary JLR for the December 2025 quarter.
The Tata Motors stock fell 4.45 per cent to hit a low of Rs 422.50 on BSE, only to recover some ground later. At 12.35 pm, it was down 3 per cent at Rs 428.95.
Tata Motors CV: Ambit Capital expects 6 per cent and 8 per cent CAGR in revenue and Ebitda between FY25 and FY28, supported by high-margin non-core revenue streams that help cushion cyclicality.
Shailesh Chandra, MD & CEO, TMPV, told Business Today that Sierra deliveries will commence in January, and prices will be held stable initially. He said commodity costs have risen by 1.5% of revenue over the past year, and the industry has not been able to fully pass this on making a Q4 price revision likely, with partial adjustments possible in January. Chandra confirmed the Sierra is being built at the Sanand-2 (Ford) plant. He expects Tata Motors’ SUV share to rise from 16–17% to 20–25% with the Sierra, and forecast double-digit growth in November’s second half and around 5% growth for the full year.
Bookings for the model will commence from December 16 and deliveries from January 15, 2026. On Wednesday, the Tata Motors stock rose 2.93 per cent to hit a high of Rs 362.80 apiece on BSE.
Heavyweights led the selling pressure list, with the brokerage highlighting Reliance Industries (RIL), HPCL, GAIL, BPCL, and ONGC as the top sells.
Elara's optimism comes despite the company delivering, what the brokerage termed a muted performance for the September quarter (Q2) of FY26.
TMPV Share Price: The company said all major operating metrics were "significantly impacted" by the breach, which disrupted production and supply-chain activities. As a result, EBIT margins slipped to (–)8.6 per cent, a decline of 1,370 basis points (bps) YoY.





