Tata Motors experienced a 6% drop in value during Friday trading after CLSA removed the stock from its high conviction outperform list. The brokerage firm placed Tata Motors on its high conviction outperform list in February but moved it to regular outperform status in the current period.
The Bombay Stock Exchange (BSE) recorded Tata Motors shares at ₹614.95 during the 1:30 PM trading session which represented a ₹39.10 or 5.98% decrease from the earlier closing price. The stock reached its lowest point at ₹613.20 before reaching its peak at ₹650.95. The Nifty Auto Index dropped 2.46% to 20,642.90 where Tata Motors ranked as the third-worst performer behind Samvardhana Motherson International and Bharat Forge.
CLSA reduced Tata Motors’ price target by 18% to ₹765 after setting the initial value at ₹930. The sales projection for Jaguar Land Rover (JLR) showed a 14% decrease for the financial year 2025-26 because of recent US tariffs and the elimination of certain Jaguar models. The analysts predict Tata Motors will reduce its 2026-27 margin to 7% from its current 9% level which will negatively affect its profitability.
