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Tata Motors CV rose sharply after the company reported a 37% year-on-year jump in July commercial vehicle sales. While Nomura remains cautious on near-term demand, it expects the Iveco acquisition, cost efficiencies and new product launches to drive earnings recovery over the next two years.
Tata Motors CV shares rise 4% as July sales jump 37% YoY. Nomura expects Iveco to support earnings recovery; check target price
Impact Score
Market Sentiment
↑BullishPrimary Sectors
Tata Motors CV rose sharply after the company reported a 37% year-on-year jump in July commercial vehicle sales. While Nomura remains cautious on near-term demand, it expects the Iveco acquisition, cost efficiencies and new product launches to drive earnings recovery over the next two years.
Key Highlights
Tata Motors CV rose sharply after the company reported a 37% year-on-year jump in July commercial vehicle sales.
While Nomura remains cautious on near-term demand, it expects the Iveco acquisition, cost efficiencies and new product launches to drive earnings recovery over the next two years..
Source
Economic Times
Published
27m ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
What this means
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