INDIA MARKET LENS
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Best auto stocks to buy ahead of Q2 results: Eicher, Hyundai Motor, Tata Motors PV among Nuvama’s top picks | Full list

Tata Motors left its position unchanged in a quarterly results development.

6 Oct 2026 · LiveMint Markets

Nuvama Institutional Equities maintains a positive outlook on the auto sector, with key picks including Hyundai Motor, Tata Motors, and Eicher Motors. They anticipate 27% revenue growth driven by industry volumes, although EBITDA growth may be limited to 10% due to cost pressures.

Tata Motors reported movement of 27% and 10%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

For Tata Motors, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is TATAMOTORS.
  • Sector exposure: Auto.