Tata Motors shares have recently fallen by 21% from their all-time high of INR 1,179, which was reached in July 2024. This decline has put the stock into a bear grip, with current levels hovering around INR 936. Analysts attribute the drop to concerns over global economic conditions and auto sector volatility, despite the company’s robust growth in electric vehicles and domestic sales.
Source:- news 18
From a technical perspective, Tata Motors is currently trading below key support levels, with further downside risks. Moving averages signal bearish trends, while key indicators like the Relative Strength Index (RSI) suggest that the stock is nearing oversold territory
Source:- bbc news
Price targets vary, with some analysts seeing potential recovery in the long term, especially with the company’s strong EV portfolio. However, short-term volatility is expected due to broader market pressures and sector-specific challenges.
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