Stock to Sell: This Auto stock may fall another 11%—Do you still hold it?

Stock to Sell: Tata Motors Passenger Vehicles Ltd (TMPV) shares traded weak on Monday as the stock slipped 1.53 per cent to Rs 348.10, down Rs 5.40 from the previous close of Rs 353.50. The stock opened at Rs 351.55 and moved between a high of Rs 356.25 and a low of Rs 345.80. The company’s market capitalisation stands at Rs 1,28,181.96 crore.

The stock is seeing steady selling pressure. In the last one week, the stock has fallen by 4.30. The decline over two weeks stands at 2.83. The one-month performance is sharply lower with a 14.19 drop, reflecting continued profit-booking and muted buying interest.
The stock is down 21.70 over three months and 20.81 over six months.

So far this year, the stock has slipped 24.82 as broader market volatility and sector-specific concerns kept investors cautious.

On a one-year basis, the stock has lost 31.04. The two-year performance also remains in negative territory with a 21.18 decline.

Stock to Sell

Brokerage Motilal Oswal has maintained a ‘sell’ rating on Tata Motors PV with a target price of Rs 312, against the current level of Rs 354.

Tata Motors PV Q2 Results FY26

The cautious stance comes despite a multi-fold jump in profitability. Tata Motors Passenger Vehicles reported a sharp surge in net profit at Rs 76,170 crore for Q2FY26, driven by a one-time gain from the demerger of its commercial vehicles unit. The profit was Rs 3,446 crore in the same quarter last year.

However, the company’s revenue fell 14 per cent year-on-year to Rs 72,349 crore in Q2FY26, down from Rs 83,656 crore in Q2FY25.

The weaker performance was largely due to the cyber incident at Jaguar Land Rover (JLR), which disrupted operations. Domestic performance remained steady and recovered after Goods and Services Tax (GST) reductions.