Tata Motors jumps 5% as growth roadmap excites Street

Tata Motors shares surged 5% after the company outlined ambitious FY28 targets, including double-digit EBITDA margins and stronger cash flow generation. While JM Financial remains bullish on long-term growth driven by infrastructure spending and CV demand, Nomura and Motilal Oswal retained a cautious stance on near-term demand and margin pressures.