Tata Motors CV Share Price Hits Record High as Ambit Sees 19% Upside; Stock Still Trades at 6% Discount to Ashok Leyland
Tata Motors Commercial Vehicles hit a record intraday high of ₹383 on December 10 after a 17% rally in two weeks. The surge pushed its market cap to ₹1.36 trillion, overtaking Tata Motors Passenger Vehicles. Ambit Institutional Equities initiated coverage with a 'Buy' rating and a ₹430 target, citing strong market share and improving profitability. The stock still trades at a 6% discount to Ashok Leyland.
