Nomura's 'Buy' Rating Propels Tata Motors CV Shares Up 4%

• Nomura initiated 'Buy' rating for Tata Motors Commercial Vehicles with a price target of ₹481 per share.
• Tata Motors CV shares surged over 4% to ₹411.45 after the rating, hitting an intraday high of ₹414.
• Nomura projects 10% volume growth for FY2026-27 and 12-13% EBITDA margin for FY2026-28.
• The recently acquired Iveco trucks business is expected to recover after FY2027, with potential for value creation.
• BofA Securities and JPMorgan also initiated coverage with 'Buy'/'Overweight' ratings and similar price targets.

Why It Matters: Nomura's 'Buy' rating and positive outlook drive Tata Motors CV stock up, with other brokerages also bullish.