As of today, Tata Motors share price has experienced significant volatility. The stock dropped by over 6%, falling below ₹1,000 to around ₹969.50. This comes after a recent high of ₹1,025 earlier in the session. The drop is partly due to a broader market correction and a “sell” rating from UBS, impacting investor sentiment.
Technical Overview:
- Current Price: ₹969.50 (as of today’s close).
- Day’s Range: ₹965.85 – ₹1,025.
- 50-Day Moving Average: ₹1,054.84.
- 200-Day Moving Average: ₹931.63
Despite this recent downturn, Tata Motors has performed impressively over the long term:
- 1-Year Return: The stock is still up by 59% in the past year.
- 3-Year Return: A staggering rise of 234%, driven by increased demand and strong fundamentals.
Factors Affecting the Price:
- Electric Vehicle Segment: Tata Motors has been a leader in India’s EV market, with strong sales and government support. The company recently saw approval for a ₹10,900 crore EV subsidy, adding to its long-term growth prospects.
- Broader Market Trends: The current price drop also reflects concerns over upcoming U.S. inflation data and its potential impact on global markets.
Future Outlook:
While short-term volatility may persist, Tata Motors’ strong fundamentals, particularly in the EV space, make it a stock to watch for long-term investors.
