Shares of Tata Motors (Commercial Vehicles) dropped over 3% to a low of ₹372 on the Bombay Stock Exchange (BSE) following the announcement of its Q4 results for the fiscal year ending March 2026. The company reported a standalone net profit of ₹2,406 crore, reflecting a 70% increase from ₹1,419 crore in the same quarter last year. Revenue rose 22% year-on-year to ₹24,452 crore, up from ₹19,999 crore in the previous year. On a sequential basis, profit surged 329% from ₹561 crore in Q3 FY26, while revenue increased 20% from ₹20,404 crore in the previous quarter. Motilal Oswal Financial Services has issued a 'Neutral' rating on Tata Motors, setting a target price of ₹416, indicating an upside of about 8%. The brokerage expressed concerns about a cautious demand outlook for the domestic commercial vehicle industry due to geopolitical uncertainties. Conversely, Nuvama Institutional Equities has a 'Buy' rating with a target price of ₹480, suggesting a 41% upside. Nuvama noted that the medium and heavy commercial vehicle sector is on an upward trajectory, with Tata Motors expected to benefit from strong domestic and export demand, including a significant order from Indonesia for 70,000 units. Managing Director and CEO Girish Wagh stated that FY26 marks a pivotal year for the commercial vehicle sector, driven by reforms and infrastructure investments.