Shares of Tata Motors Ltd. have surged over 5% in early trade on Friday, April 11, rebounding from their 52-week lows. The stock has oscillated between gains and losses over the last four trading sessions.

On Wednesday, US President Donald Trump announced that the he will be pausing the imposition of reciprocal tariffs on countries that have not retaliated to his earlier imposition of tariffs, barring China.

However, there is still no clarity on whether the 25% tariffs on automobile imports will also be paused or not. The tariffs on automobile imports went into effect on April 3.

In response, Tata Motors’ unit Jaguar Land Rover had announced that it will be pausing shipments to the US for the month of April in order to study the impact of Trump’s tariff measures.

Earlier this week, brokerage firm BofA Securities maintained its “neutral” rating on Tata Motors but cut its price target to ₹655. Concerns such as US tariffs and a pause in volume growth have created short-term uncertainty for the business and raised the risk of cash burn.

BoFA Securities has revised its earnings per share (EPS) estimate downward for Tata Motors by 16%.

Out of the 34 analysts that have coverage on Tata Motors, 20 of them have a ‘Buy’ recommendation, eight have a ‘Hold’ rating, while six have a ‘Sell’ call.

Shares of Tata Motors are trading 4% higher on Friday at ₹607, and are rebounding from their new 52-week low of ₹535 but is down 20% so far in 2025.