ट्रेंडिंग

Tata Motors Share Price is going to be bullish after Rs 910, opportunity to earn in 65 point put

WhatsApp Group Join Now
Telegram Group Join Now

Tata Motors is currently navigating a challenging market as of September 17, 2024. The stock closed at ₹974.95, reflecting a decline of 1.37% from the previous day’s closing price of ₹992.10. Analysts are closely monitoring the stock’s performance, especially with predictions for tomorrow’s trading session.

Tata Motors Share Price Prediction for Tomorrow

For September 18, 2024, various predictions suggest a mixed outlook for Tata Motors’ share price. The expected target is around ₹985, with a potential trading range between ₹906 and ₹1064. Some forecasts indicate that the price could fluctuate between ₹978.75 and ₹994.15, suggesting a cautious approach for investors.

Key Insights on Stock Performance

Current Market Sentiment: The overall market sentiment for Tata Motors appears bearish, with the stock having recently broken through key support levels. Analysts suggest that an upward trend may only resume if the stock trades above ₹1088.68.

Technical Indicators: Recent technical analysis shows that Tata Motors has been experiencing a downward trend, with significant resistance at ₹1089.26. If the stock continues to trade below this level, further declines may occur in the short term.

Long-term Outlook: Despite short-term fluctuations, some analysts maintain that Tata Motors remains a solid long-term investment due to its strong fundamentals and growth potential in electric vehicles (EVs). The company has seen substantial revenue growth over the past year, which may support its stock price in the future.

Tata Motors Share Price Latest News Affecting Tata Motors

1. Market Trends and Economic Factors

The broader market has been volatile recently, influenced by global economic indicators and domestic economic policies. Investors are particularly focused on inflation rates and their potential impact on automotive sales.

2. Performance Compared to Peers

In comparison to its competitors in the automotive sector, Tata Motors has shown resilience with a three-year return of 251.45%, outperforming many peers in the Nifty Auto index. This performance highlights Tata Motors’ strong position in the market.

3. Analyst Recommendations

Analysts have mixed recommendations for Tata Motors, with some suggesting it is a “buy and hold” stock due to its long-term potential in EVs and sustainable vehicles. Others caution that current market conditions may lead to further short-term declines.

4. Dividend Yield and Financial Health

Tata Motors has maintained a steady dividend yield of approximately 0.58%, which is attractive for income-seeking investors. The company’s financial health is also supported by a robust return on equity (ROE) of 36.97%, indicating effective management and profitability.

5. Upcoming Product Launches

The company is preparing to launch new electric models, which could significantly boost sales and investor confidence moving forward. These launches are anticipated to enhance Tata Motors’ competitive edge in the rapidly growing EV market.

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.

Jiya

Jiya Singh is an experienced Hindi and English news writer with nearly 5 years of experience in the media industry. She started her career with an online news website Newz Fast, where she worked in many sections including Hindi news and business. She loves writing and reading news related to technology, automobile and business. She has covered all these sections extensively and presented excellent reports for the readers. Jiya Singh has been trying to provide correct and accurate information to the readers on Local Haryana for the last 1 year.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button