Tata Motors shares : Tata Motors’ stock fell to a 52-week low on Monday amid market turmoil. Tata Motors’ stock fell 1% to Rs 666 on the BSE, from a previous closing of Rs 672.90. Tata Group’s market capitalisation stood at Rs 2.48 lakh crore. The stock appears to be technically weak, as it is trading below the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day, and 200 day moving averages. However, Tata Motors’ stock is neither oversold nor overbought, as indicated by its RSI of 37.7. The stock’s one-year beta is 1.2, indicating that it will be quite volatile during that time period.
Tata Motors shares information
The stock reached a 52-week high of Rs 1179.05 on July 30, 2024. The stock has produced negative short-term returns. It’s down 38% in six months and 28% in a year.
Jigar S Patel of Anand Rathi stated, “Support would be at Rs 660, resistance at Rs 690. A convincing move above Rs 690 could result in a further upside of Rs 720. For the medium term, the projected trading range is Rs 660 to Rs 720.
Tata Motors has received a cut rating from Incred Equities, with a price objective of Rs 661.
“Despite its improved product mix and new vehicle launch plans, JLR will be susceptible in the face of global trade tariffs and volatile currency movements. Increased competition in India’s electric car and small truck markets is cause for concern. We retain our REDUCE rating for Tata Motors. Key upside risks include the success of new goods and demand for stimulus benefits, according to Incred Equities.
CLSA, a worldwide broking, has upgraded the auto stock because it believes an uncertain near-term outlook has created opportunities to enter the counter at favourable levels. It has assigned an outperform rating to Tata Motors, with a price objective of Rs 930.
Emkay Global has set an expected price of Rs 950 for the shares. Motilal Oswal has a price target of Rs 755 for the car shares.
“We estimate JLR to see margin pressure in FY24-27E due to sluggish demand in key markets, growing costs as it invests in demand generation, and an EV ramp-up that is likely to be margin-dilutive. Even in India, demand for CV and PV is moderating. In the absence of any triggers, we retain our Neutral rating with a Dec’26E SoTP-based target of Rs 755,” MOFSL stated following Tata Motors’ Q3 results.
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