Tata Motors shares rally 4% to fresh 52-week high on Nomura upgrade

Tata Motors shares surged nearly 4% on Thursday, reaching a new 52-week high of Rs 1,067 on BSE. This followed Nomura's upgrade of the Nifty stock to buy, setting a target price of Rs 1,294. Nomura cited Tata Motors' shift from premium to luxury vehicles as key to maintaining competitiveness in challenging segments.