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Tata Motors shares jump 6% after strong Q1; Nomura upgrades stock, CLSA retains Outperform rating

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Tata Motors shares jump 6% after strong Q1; Nomura upgrades stock, CLSA retains Outperform rating
Shares of commercial vehicle major Tata Motors rallied as much as 6% to their day’s high of Rs 485 on the BSE on Thursday after it reported a net profit of Rs 2,560 crore in the first quarter of FY27, a jump of 83.3% from Rs 1,397 crore reported in the same period last year.

Tata Motors said that the increase in net profit was led by a mark-to-market gain on investments in Tata Capital.

The company’s revenue from operations came in at Rs 20,667 crore, up 19% from Rs 17,324 crore in the corresponding quarter of the previous financial year, the Tata Group company said post-market hours.

For the quarter under review, the company’s EBITDA rose to Rs 2,300 crore, up 10% year-on-year, while the EBITDA margin stood at 10.9%, down 90 basis points. The drop in margins comes on the back of a 13% year-on-year increase in total expenses.

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Also read: Chandra’s Rs 25 lakh crore Tata legacy: Revenue up 71%, PAT 3.6x and a 19x multibagger

What are experts saying?

Nomura has upgraded Tata Motors to Buy from Neutral and assigned a target price of to Rs 554 from Rs 402, implying an upside of 21% from current levels. Nomura expects TMCV to benefit from its focus on EVs and a strong export orderbook.
The 2.5% price hike taken in July should also support margin improvement. IVECO’s better 2QCY26 performance provides further comfort, while Nomura sees strong potential for IVECO to improve margins over the next 2-3 years through sourcing from low-cost countries, posing a potential upside risk to its estimates.CLSA has an Outperform rating on Tata Motors CV with a target price of Rs 596 (30% upside). The brokerage said TMCV’s Q1 EBITDA margin of 11.3%, down 76 bps YoY, was around 50 bps above consensus. TMCV attributed most of the margin decline to commodity inflation, which had a negative impact of 340 bps YoY, partly offset by operating leverage and price hikes, which contributed 140 bps positively.

While commodity costs remain inflationary, TMCV expects the impact to be mitigated through price actions, including the 2.5% price hike taken in July, along with ongoing cost reduction measures. On demand, TMCV said underlying momentum remains healthy and expects CV industry demand to remain robust, with 2QFY27 volumes likely to post double-digit growth.

Motilal Oswal has maintained a Neutral rating on Tata Motors with a target price of Rs 434, implying a downside of 5%. Following the better-than-expected Q1 performance, the brokerage has raised its earnings estimates by 6% for FY27 and 2% for FY28.

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Read more: N Chandrasekaran era delivered 3.3X market cap growth. Can Tata stocks keep winning after his exit?

It now expects TMCV to deliver a CAGR of 12% in revenue, 10% in EBITDA and 12% in PAT over FY26-28E. At 23.5x FY27E and 20x FY28E EPS, the stock appears fairly valued, according to the brokerage. Motilal Oswal values the core business at 12x FY28E EV/EBITDA, in line with peers, and assigns Rs 15 per share to Tata Motors’ stake in Tata Capital.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Cox Communications Down? Users Report Overnight Outage As Downdetector Tracks Rising Complaints Early Today

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Cox Internet

Cox Communications customers began reporting problems with their internet, TV and phone service in the early hours of Thursday, according to outage-tracking service Downdetector, in what appeared to be a developing overnight disruption affecting the cable provider’s network.

Downdetector said user reports indicating problems with Cox began climbing at 12:42 a.m. Eastern time. The tracking service posted about the rising number of reports on its official account on the social platform X, asking affected users to describe how the outage was impacting them and tagging the post with the hashtag “CoxDown.”

As of Thursday morning, Cox had not issued a detailed public statement addressing the scope, cause or expected resolution timeline for the reported disruption. Separate outage-tracking service StatusGator showed Cox Communications as operational in data collected the previous afternoon, logging only a small number of user-submitted reports over the preceding 24-hour window, though that data predated the overnight spike in complaints flagged by Downdetector, leaving the true scope of Thursday’s early-morning disruption difficult to independently confirm using publicly available tracking tools alone.

Cox does not offer customers a direct way to report outages through its own website, according to consumer guidance published by CableTV.com. Instead, the company directs customers experiencing service problems to log into their Cox account or check the Cox mobile app, both of which are designed to display a red notification banner, potentially including an estimated repair time, if the company has already detected and confirmed a widespread outage in a customer’s area. Cox also operates a 24-hour customer support line and has said it responds to customer questions around the clock through its social media accounts. Customers can additionally text “UPDATE” to a designated short code to receive outage notifications for their specific area, according to the same guidance.

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Cox Communications, a privately held company, serves millions of customers across regional markets throughout the United States, offering broadband internet, including gigabit-speed plans, alongside cable television and mobile service sold through Cox Mobile. The company has built a reputation over decades as one of the largest cable providers in the country, with particularly concentrated market presence in certain regions. In markets such as New Orleans and Baton Rouge, Louisiana, Cox operates as the dominant cable internet provider, a concentration that has, in past incidents, caused outages on the company’s network to overlap geographically with unrelated power outages affecting the local electrical grid.

Thursday’s reported disruption would not be the first time Cox’s network has experienced significant service problems. According to reporting cited by outage-tracking service NordVPN, Cox customers across several U.S. states have previously lost internet connectivity during major service failures, with some customers also reporting difficulty accessing TV streaming services during those incidents. Separate reports compiled from the online community DesignTAXI have documented earlier overnight spikes in Cox-related complaints, while discussions on Reddit have described previous instances of service disruptions beginning in the evening and persisting until the following morning, a pattern that bears some resemblance to the timing of Thursday’s reported issue. In at least one earlier case, a regional outage affecting Cox customers in Oklahoma reportedly began in the morning and was not resolved until the afternoon, illustrating that the duration of past Cox outages has varied considerably depending on the underlying cause.

Cox separately maintains a dedicated outage support line for its business customers, distinct from its residential support channels, reflecting the fact that outages affecting the company’s broader network infrastructure can disrupt both home internet service and business-tier connections simultaneously when the underlying cause originates within shared network infrastructure.

Given the overnight timing of Thursday’s reported disruption, the practical impact on affected customers may have been somewhat muted compared with outages occurring during peak daytime usage hours, though customers relying on always-on smart home devices, security systems or overnight work schedules could still have experienced meaningful disruption. Customers experiencing ongoing problems with their Cox service were, consistent with the company’s own guidance, generally advised to check their account or the Cox app first for any officially confirmed outage notifications before assuming an individual equipment issue was to blame, and to contact Cox’s 24-hour customer support line directly if the problem persisted.

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This remains a developing situation, and additional details regarding the precise scope, underlying cause and expected resolution timeline of Thursday’s reported Cox outage were not immediately available. The company had not issued an official public acknowledgment of the disruption as of Thursday morning, leaving affected customers largely reliant on Downdetector and the company’s own account-based outage notifications to determine whether their individual service issues were part of a broader, network-wide problem.

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Transurban Group Stapled Securities (TRAUF) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript