Tata Motors’ shares have hit a 52-week high after the company reiterated its focus on profitability, expanded portfolio in the passenger vehicle segment, and strengthened its India business franchise. The stock has witnessed an uninterrupted seven-session rally, resulting in gains of over 10%. Several top brokerages, such as CLSA, Morgan Stanley, and Nomura, recommended a ‘Buy’ rating on the company’s shares after the announcements made during its ‘Investor Day’ meeting on Wednesday. However, Kotak Institutional Equities downgraded its recommendation to ‘Reduce’ despite keeping its FY2024-25E estimates unchanged.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.
November 11, 2026