Tata Motors Share Price may remain bearish till Rs 746 for next 5 days, know what is the trend of big investors
Tata Motors share price was reported at ₹1,038.70, down by 5.75% from the previous close of ₹1,049.35. The stock opened at ₹1,081 earlier in the day, indicating a notable decline throughout the trading session. The day’s trading range was between ₹1,067 and ₹1,086, showing some fluctuations but ultimately closing lower than the previous day.
Over the past year, Tata Motors has experienced a significant increase in its stock value, reflecting a 190% growth in one year alone. This impressive performance can be attributed to various factors, including strong sales figures and strategic initiatives aimed at enhancing its electric vehicle (EV) segment.
Technical Analysis of Tata Motors Share Price
From a technical perspective, Tata Motors is currently trading close to its 50-day moving average (DMA) and is about 16% above its 200 DMA. This positioning suggests that the stock has some support levels to maintain its upward trajectory. However, analysts note that it is crucial for the stock to hold above the 50 DMA to avoid further declines.
The stock’s recent performance has been mixed, with an EPS (earnings per share) rank of 71, which is considered fair but indicates room for improvement in earnings growth. The relative strength (RS) rating is at 61, also reflecting average recent price performance. The stock’s buyer demand is rated at B-, which suggests a moderate interest from investors in the current market.
Market Sentiment and Institutional Interest of Tata Motors Share Price
Investor sentiment surrounding Tata Motors has been cautious but optimistic. The company has seen an increase in institutional holdings in the last reported quarter, which is a positive indicator of confidence among larger investors. The overall market capitalization of Tata Motors stands at approximately ₹393,541.7 crore, reinforcing its position as a major player in the automotive sector.
Despite the recent downturn, analysts suggest that Tata Motors remains a solid long-term investment. The company is focusing on expanding its electric vehicle lineup, which is expected to drive future growth. Analysts predict that with the right strategies in place, Tata Motors could see a price target increase of up to ₹1,156 in the near future.
Factors Influencing Future Price Action of Tata Motors Share Price
Several factors could influence Tata Motors’ share price in the coming days:
Sales Data: Investors are eagerly awaiting monthly sales data, which could provide insights into the company’s performance, especially in the EV sector. Positive sales figures may bolster investor confidence and support a price recovery.
Market Trends: The broader market conditions and economic indicators will play a crucial role in shaping investor sentiment. Any shifts in the automotive market, particularly in the EV segment, could impact Tata Motors’ stock performance.
Technical Indicators: As mentioned earlier, the stock’s ability to maintain levels above its 50 DMA will be critical. A failure to do so could lead to further declines, while a bounce back could signal a potential rally.
Global Economic Factors: Economic conditions, including inflation rates and interest rates, could also affect the automotive industry. Investors should keep an eye on these macroeconomic indicators as they can influence market dynamics.
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.
