Dixon Tech Q3 Result Review: Jefferies, Macquarie Cuts Target Price — Here’s Why

JPMorgan and Nomura have cut the target price on Tata Motors Commercial Vehicles Ltd. (TMCV) after the company released its third-quarter earnings for the financial year ending March 2026, where profit tumbled as much as 48% due to a series of one-time expenses ranging from new labour codes to demerger costs.

In light of its Q3 earnings, the likes of JPMorgan and Nomura have cut the target price on Tata Motors CV due to a series of headwinds the company incurred in the third quarter. However, all these brokerages offered a relatively positive outlook going ahead.

Kotak Securities, meanwhile, hiked the target price on the counter, believing that there is a healthy near-term demand momentum and robust profitability for domestic commercial vehicles, which was in line with expectations.