On Thursday, shares of Tata Motors fell more than 3% as investors turned cautious in anticipation of its Q2 FY26 earnings announcement on November 13, 2025. The dip came a day after the company’s Commercial Vehicle (CV) division made its stock market debut, prompting profit-booking across both Tata Motors entities.
Shares of Tata Motors fell 3.17% to Rs. 319.40 on the BSE, extending losses after the debut of its commercial vehicle division a day earlier.
According to exchange data, shares worth around Rs. 28 crore were traded on Thursday, indicating significant retail and institutional activity following the demerger.
On Wednesday, the stock of Tata Motors Commercial Vehicles Ltd. (TMCV) was listed on the NSE at Rs. 335 per share, marking a 28.48% premium over its implied pre-listing value of Rs. 260.75.
On the BSE, it opened at Rs. 330.25, reflecting a 26.09% premium compared to its implied value of Rs. 261.90.
Despite the strong listing, profit-taking dragged the parent stock lower as traders adjusted positions ahead of the company’s quarterly results.
In an exchange filing, Tata Motors confirmed that its Board of Directors will meet on Thursday, November 13, 2025, to consider and approve the audited standalone financial results and unaudited consolidated financial results for the quarter and half-year ended September 30, 2025.
The company also stated that it will hold an analyst and investor conference call on the same day, post-results, to discuss financial performance and strategic updates. The webcast will be hosted on the company’s official website, cv.tatamotors.com.
Market experts expect to see a continuous improvement in the passenger vehicle segment, driven by new product launches.
The Tata Motors Demerger took effect on October 1, 2025, splitting the company into two separate entities, the Passenger Vehicle (PV) and Commercial Vehicle (CV) businesses.
The record date for the demerger was October 14, 2025, and the Tata Motors Commercial Vehicles division was listed on the exchanges on November 12, 2025.
Following the restructuring, Tata Motors Passenger Vehicles Ltd. (TMPV) began trading as a standalone entity on October 14, valued at around Rs. 400 per share post record-date adjustment.
Based on Tata Motors’ pre-demerger closing price of Rs. 660.75, the implied valuation of the commercial vehicle arm was estimated between Rs. 260-Rs. 270 per share.
Market sentiment will depend on management’s commentary on the company’s volume growth and export performance.
In the near term, analysts expect Tata Motors shares to find support near Rs. 310-Rs. 315, while resistance is expected at Rs. 340-Rs. 345.
Sustained trading above the Rs. 340 could pave the way for a short-term rebound once the Q2 earnings are out.