Tata Motors Share Price | Tata Motors share in focus, expert gives BUY rating, note the target – NSE: TATAMOTORS
Tata Motors Share Price | There was a big decline in the stock market on Wednesday (NSE: TATAMOTORS)The stock market Sensex opened 117 points higher at 80,121. On the other hand, stock market Nifty rose 10 points at 24,204 and bank Nifty fell 37 points at 52,154. Tata Motors shares were trading 0.76 per cent higher at Rs 788.95 on Wednesday, November 27. (Tata Motors Company excerpt)
Jefferies Brokerage Firm – BUY Rating
Jefferies brokerage firm has given BUY rating to Tata Motors Limited Company share. Jefferies brokerage firm has reduced the target price of Tata Motors Limited Company shares from Rs 1,330 to Rs 1,000. On Thursday (28 November 2024), the stock was trading 0.15% higher at Rs 786. Jefferies said JLR expects better performance in the second half and it maintains margin guidance for fiscal 2025. Demand for both CV and PV in India has declined and as a result, revenue estimates for FY 25-27 have fallen by 2-9 per cent. Lower bottom formation is visible on the daily chart of Tata Motors stock. Apart from this, the momentum indicator RSI is in negative condition. Tata Motors stock is also underperforming the benchmark indices. Tata Motors is currently facing resistance at Rs 830 per share.
Tata Motors share gave 2,386% return
Tata Motors stock has given 2.36% return in the last five days. The stock has declined 10.19% in the last month. Tata Motors shares have declined 17.69% in the last 6 months. Tata Motors share has fallen 13.11% in the last 1 year. The stock has declined 388.51% in the last 5 years. The stock is down 0.21% on a YTD basis. However, in the long term the share has given a return of 2,386.45%.
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