Tata Motors CV shares jump 3% but brokerages are cautious

Tata Motors CV shares jumped 3% on Friday, recovering from previous losses despite Q4 earnings that failed to impress markets. The company reported a 70% YoY increase in standalone net profit to Rs 2,406 crore. Brokerages remain cautious, with Nomura downgrading to ‘Neutral’ due to global risks and IVECO concerns.

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