As of September 4, 2024, Tata Motors share price stands at ₹1,076, reflecting a dynamic trading day. The stock opened at ₹1,090 and has seen a day range between ₹1,065 and ₹1,095. Investors are keenly observing these movements, especially given the company’s recent performance and market trends.
Main Points
- 1 Tata Motors Share Price Changed Today
- 2 Technical Analysis of Tata Motors Share
- 3 Fundamental Analysis of Tata Motors Share
- 4 Market Capitalization of Tata Motors Share
- 5 Key Financial Ratios for Tata Motors Share
- 6 Factors Influencing Tata Motors Share
- 7 Predicted Price Action for Tomorrow
- 8 Analysts Saying About Tata Motors Share
- 9 Future Prospects For Tata Motors Share
- 10 Today Update News of Tata Motors Share
- 11 Important Levels
- 12 Movement Causes and 52-Week High Low
- 13 Investors Stay Updated on Share Performance
The share price of Tata Motors has shown a slight decline today, moving from a previous close of ₹1,085 to its current price. This fluctuation is significant for traders and investors, as it indicates market sentiment and potential future movements.
From a technical perspective, Tata Motors is currently trading above its key moving averages. The stock is positioned about 5% and 19% above its 50-day and 200-day moving averages, respectively. This positioning suggests a bullish trend, as the stock has recently broken out of a consolidation phase. The stock’s Relative Strength Rating (RS Rating) is at 68, which is considered fair, indicating moderate buying interest.
On the fundamental side, Tata Motors has demonstrated a robust operating revenue of ₹443,739.69 crore over the trailing twelve months, with an impressive annual revenue growth rate of 27%. The company’s pre-tax margin stands at 6%, and it boasts a remarkable Return on Equity (ROE) of 36%. However, the debt-to-equity ratio is somewhat high at 73%, which investors should monitor closely.
The market capitalization of Tata Motors is approximately ₹355,223.1 crore, placing it among the significant players in the automotive sector. This valuation reflects the company’s substantial market presence and investor confidence in its growth trajectory.
Key financial ratios provide insight into the company’s performance:
- P/E Ratio: 10.5
- P/B Ratio: 3.8
- Dividend Yield: 0.28%
- ROCE: 20.1%
- EPS: ₹101.57
These ratios indicate that Tata Motors is relatively undervalued compared to its peers, offering potential for growth in share price.
Several factors can influence Tata Motors’ share price:
- Economic Conditions: The overall economic environment, including GDP growth and consumer spending, impacts vehicle sales.
- Government Policies: Policies promoting electric vehicles and infrastructure development can boost sales.
- Global Market Trends: Fluctuations in global oil prices and supply chain disruptions can affect production costs and sales.
- Company Performance: Quarterly earnings reports and announcements regarding new models or technologies can sway investor sentiment.
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Predicted Price Action for Tomorrow
Analysts predict that Tata Motors may experience further fluctuations tomorrow, with potential resistance around ₹1,090 and support near ₹1,065. Investors should watch for any news that could influence market sentiment, such as sales data or economic indicators.
Market analysts have mixed views on Tata Motors. While some recommend accumulating shares with a target price of ₹1,156, others suggest caution due to the high debt levels. Analysts emphasize the importance of monitoring quarterly results and market conditions closely.
Tata Motors is focusing on electric mobility, which is seen as a crucial growth area. The company has plans to launch new electric models, which could significantly impact its market share and profitability. The ongoing demand for commercial vehicles, driven by infrastructure projects and e-commerce growth, also presents a positive outlook.
Recent news highlights Tata Motors’ strong performance in the commercial vehicle segment, with a 7% increase in domestic sales compared to the previous year. This growth is attributed to rising economic activity and infrastructure development.
Important Levels
Key levels to watch for Tata Motors include:
- Resistance: ₹1,090
- Support: ₹1,065
These levels will help traders make informed decisions regarding entry and exit points.
Movement Causes and 52-Week High Low
The stock’s movement today can be attributed to various factors, including investor sentiment and broader market trends. The 52-week high for Tata Motors is ₹1,179, while the low is ₹593, indicating significant volatility over the past year.
Investors are encouraged to stay updated on Tata Motors’ performance by following market news, quarterly earnings reports, and analyst recommendations. Keeping an eye on the company’s strategic initiatives in electric vehicles will also be crucial for assessing its future potential.
