New Delhi, Dec. 23 -- Tata Motors Commercial Vehicles (TMCV) share price extended its winning run to the second straight day on Tuesday, December 23, gaining another 4% to the day's high of Rs.428.20 apiece.

The Tata Group stock gained momentum recently on the Indian stock market, as a series of bullish calls from top brokerage firms strengthened investor sentiment, helping it remain resilient despite sharp market volatility.

Japanese brokerage firm Nomura has initiated coverage on the stock with a 'buy' rating and expects it to reach Rs.481 per share, indicating an upside potential of 40% from the stock's recent closing price.

Nomura estimates that the company's India business will benefit from an anticipated upcycle, led by Tata Moto...