Tata Motors Share Price is going to jump up to 1003, you can make big money, know what is the entry point
Tata Motors Ltd., one of India’s largest automotive manufacturers, has been making headlines with its impressive share price performance. As the market eagerly awaits the trading session on September 23, 2024, investors are closely monitoring the company’s key levels and the latest news that could impact its stock price.
Tata Motors Share Price Current Market Overview
The Tata Motors share price closed at ₹970.85 on September 21, 2024, reflecting a slight decrease of 0.48% from the previous day’s closing price of ₹967.30. However, the stock has shown remarkable resilience over the past year, with a 52-week high of ₹1,179.05 and a 52-week low of ₹608.45.
One of the key factors driving Tata Motors’ share price is its strong financial performance. The company delivered a return on equity (ROE) of 36.97% in the year ending March 31, 2024, outperforming its 5-year average of -1.07%. Additionally, the company witnessed a quarter-over-quarter revenue decline of only 9.74%, which is the lowest in the last 3 years.
Tata Motors’ market capitalization stands at ₹3.72 lakh crore as of July 10, 2024, making it a significant player in the automotive sector. The company’s stock has a price-to-earnings (PE) ratio of 10.23 and a price-to-book (PB) ratio of 3.65.
Looking ahead to September 23, 2024, investors are closely watching the stock’s technical indicators. The weekly stochastic crossover appeared on the week ending September 6, 2024, and in the last 10 years, this signal has been followed by an average price decline of 7.89% within 7 weeks.
Tata Motors Share Price Analyst Predictions
In terms of key levels, Tata Motors’ 52-week high of ₹1,179.05 and 52-week low of ₹608.45 are crucial support and resistance levels to watch. The stock’s 100-day exponential moving average (EMA) is currently at ₹973.74, which could act as a support level.
Recent news related to Tata Motors includes the company’s announcement of quarterly results and the board meeting held on August 1, 2024. The company also announced a special dividend of 150% (₹3 per share) and a final dividend of 150% (₹3 per share) on May 11, 2024.
Analysts remain cautiously optimistic about Tata Motors’ future prospects. The company’s acquisition of Jaguar Land Rover in 2008 has transformed it into a global automotive player. However, the automotive sector has faced challenges due to the ongoing pandemic and supply chain disruptions
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
