 "Tata Motors")
Shares of Tata Motors rallied 12 per cent, hitting a fresh three-year high at Rs 376.4 on the BSE on Thursday on expectation of a strong business outlook. The stock was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15.
This came after brokerage Morgan Stanley upgraded Tata Motors to an overweight rating from equal-weight and raised its target price to Rs 448 from Rs 298 earlier.
“Tata Motors is seen more as a Jaguar Land Rover (JLR)/global luxury play, but we believe the incremental upside surprise will come from its
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