Tata Motors Shares Jumped 9% In 2 Days To Top Rs 700 Mark; Is This Stock Ready For More Upside?

Shares of Tata Motors Ltd continued their beardown upward move for nan 2nd consecutive convention successful Thursday's trade. The banal climbed 3.45 per cent to deed a precocious of Rs 704. At this price, it has surged 8.68 per cent successful conscionable 2 trading days.

A fewer marketplace experts suggested that Tata Motors stands to use from nan Free Trade Agreement (FTA) betwixt India and nan United Kingdom (UK). Prime Minister Narendra Modi announced nan conclusion of nan FTA pinch London, on pinch a Double Contribution Convention. This pact implies that automotive tariffs will autumn from 100 per cent to 10 per cent nether a quota, arsenic per nan FTA.

"Tata Motors will beryllium a clear beneficiary of nan FTA statement betwixt India and nan UK. Investors should accumulate successful nan Rs 680-700 range. Expected near-term targets would beryllium Rs 780-820," Sebi-registered expert Mitesh Panchal told Business Today.

"The FTA statement will boost strategical and economical ties betwixt India and nan UK, making imports cheaper. Further, this statement whitethorn besides facilitate Tata Motors' limb JLR's export of electrical vehicles (EVs) from nan UK to India. Also, JLR is readying to group up its works successful Tamil Nadu, which will co-develop models for some home and world markets," said Rajesh Sinha, Senior Research Analyst astatine Bonanza.

"Valuations look charismatic from a medium- to semipermanent view. Those holding should proceed pinch their positions and accumulate it connected dips," said Kranthi Bathini, Director of Equity Strategy astatine WealthMills Securities.

The automaker attracts astir 67 per cent of its revenues from JLR while JLR gets astir 27 per cent measurement from China. Tata Motors precocious announced that its shareholders person approved nan company's scheme to divided its automotive business into 2 listed entities, separating its rider and commercialized conveyance businesses. This connection will springiness shareholders adjacent stakes successful some listed entities.

As of March 2025, promoters held a 42.58 per cent liking successful nan Tata Group company.

Published on: May 8, 2025 10:47 AM IST