TATAMOTORS.NS Stock Today: Nomura, Antique Flag CV Upcycle — December 26
The tata motors share price hovered near Rs 359.20 in today’s session as broker notes pointed to an early commercial vehicle cycle. Tata Motors (TATAMOTORS.NS) drew focus after views from Nomura and Antique highlighted GST-driven affordability, stronger replacement demand, and better fleet economics. As of the previous close, the stock fell 1.12% with volume below average. Investors are watching if volumes and margins sustain into FY26–FY27 while risks from the Dedicated Freight Corridor remain limited for overall truck demand, according to recent commentary.
Today’s move and key technical levels
The tata motors share price last traded around Rs 359.20, down Rs 4.05 or 1.12%. Intraday range was Rs 358.55 to Rs 364.90. Volume printed about 9.21 million versus a 16.79 million average, showing lighter participation. The 52-week range stands at Rs 338.50 to Rs 882.50, keeping the focus on whether buyers can defend recent lows.
Immediate support sits near Rs 358 and the lower Bollinger band at Rs 339.56. Resistance appears at today’s high near Rs 365, then the upper band at Rs 366.10 and the Keltner top at Rs 372.08. A daily close above Rs 372 could open room for a rebound, while a slip below Rs 358 risks a retest of Rs 340.
RSI is 52.46, a neutral read. ADX at 41.98 signals a strong trend, though CCI at 174.72 shows overbought conditions. Stochastic at 78.06 also sits high. OBV remains negative and ATR at 7.68 points to moderate daily swings. For tactical trades, many will look for confirmation above Rs 366–372 on the tata motors share price.
CV upcycle: what brokers are signalling
Broker updates suggest an early commercial vehicle cycle led by replacement demand. Antique notes GST changes have improved affordability and balanced incentives across segments, aiding fleet upgrades and pricing discipline source. If discounts stay in check, the tata motors share price could benefit from higher realisations in FY26–FY27.
A healthier freight backdrop, better utilisation, and disciplined capacity additions support fleet economics. Operators may prioritise total cost of ownership, favouring reliable service networks and fuel-efficient models. This setup is constructive for the tmcv share price searches investors track, as steady mix toward higher-tonnage trucks and buses can lift margins through operating leverage.
Nomura’s view is that Dedicated Freight Corridor risks to overall truck demand are limited, as road transport remains essential for first and last mile and for many routes where speed and flexibility matter source. With government infra spend and scrappage-led replacements, the commercial vehicle cycle could stay supportive for the tata motors share price.
Earnings, margins, and valuation signals
Investors want proof that volume gains translate to stable margins through FY26–FY27. Watch discounting, input costs, and mix. Buses and higher-tonnage trucks typically add better contribution. If operating leverage holds, the tata motors share price may respond to each monthly dispatch and quarterly margin print.
At Rs 359.20, EPS is 60.92 and the implied PE is about 5.9. Dividend stands at Rs 6 per share, a 1.67% yield. Market cap is roughly Rs 1.32 lakh crore. Debt-to-equity is 0.61 with interest coverage near 35.6 times, indicating headroom for capex and product refreshes for the tata motors share.
Key trackers include SIAM monthly CV volumes, wholesale-retail gaps, freight rate trends, diesel prices, and CV financing rates. Monitor dealer inventory and discount commentary. Technically, the 50-DMA and 200-DMA remain well above spot, so sustained closes over Rs 372, then reclaiming moving averages, would help rebuild confidence in the tata motors share price.
Final Thoughts
Broker commentary around an early commercial vehicle upcycle, GST-led affordability, and resilient fleet economics sets up a constructive backdrop. For near term trades, price action above Rs 366–372 would strengthen momentum, while Rs 358 and Rs 340 act as supports. For the medium term, replacement demand, infra activity, and disciplined supply will be key for volume and margin follow-through in FY26–FY27. We suggest tracking SIAM dispatches, discount trends, diesel prices, and CV loan rates every month. With a low headline PE, solid coverage metrics, and a 1.67% yield, the risk-reward improves if execution stays tight and the commercial vehicle cycle remains firm.
FAQs
The stock slipped about 1% around Rs 359 on lighter-than-average volume. Intraday moves tracked resistance near Rs 365–366 and a neutral RSI. Broader weakness versus long-term moving averages adds pressure. Traders are watching for a close above Rs 372 to confirm renewed upside momentum.
Brokers point to replacement demand, GST-led affordability, disciplined discounting, and stable fleet utilisation. Infra spending and scrappage-led upgrades can help heavy trucks and buses. Monthly SIAM volumes, freight rates, and financing costs will show if demand holds, which can support margins and the tata motors share price.
Support sits near Rs 358, then Rs 340. Resistance stands at Rs 365, the Bollinger upper band at Rs 366, and the Keltner top near Rs 372. A daily close above Rs 372 may trigger follow-through buying. Below Rs 358, the bias can shift back to testing the lower band.
Analysts note that GST changes have improved affordability and reduced distortions across segments, supporting cleaner pricing and steadier demand. This aids replacement purchases and fleet upgrades, helping realisations and mix. If discounting stays in check, CV margins could hold, which is positive for the tata motors share price.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
