Tata Motors Share Price: Tata Motors a Fundamentally Strong Stock, is falling continuously and hitting a 52-week low for the 5th straight session. The shares of Tata Motors declined nearly 3% and hit a 52-week low of Rs 606.30. Tata Motors shares are currently trading in an oversold zone with RSI (Relative Strength Index) of 26.3. As the company has set for a big demerger later this year, separating passenger vehicles and commercial vehicle business, the real question arises should you buy Tata Motors shares and What will be the price target. Check Details.
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Tata Motors Share Price Overview
As per BSE analytics, the shares of Tata Motors is down nearly 8% in the last 5 trading sessions and 17% this year so far. In the last 6 months, the stock is down by 42.87% and 37.10% down in the last one year.
Tata Motors has a 52-week high of Rs 1,179.05 and 52-week low Rs 606.30. The stock is currently trading at a 45% discounted price from its peak price level.
Tata Motors Demerger
Tata Motors, a leading global automobile manufacturer, announced a demerger in March 2024. The company decided to separate its Passenger vehicles and commercial vehicle businesses. However the demerger is subject to approval of all shareholders, regulatory etc.
PB Balaji, CFO of Tata Motors said that the demerger is progressing well and we are expecting the NOC from SEBI any time now.
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Tata Motors Stock Split
According to Tata Motors’ announcement, the stock will be split into a 1:1 share ratio as part of the demerger plan. This means that shareholders will get 1 share of both the companies with a face value of Rs 2 each.
Tata Motors Share Price Target 2025
Domestic brokerage firm Motilal Oswal has set a target price of Rs 755 for Tata Motors with a Neutral rating.
Should You Buy Tata Motors Share?
The shares of Tata Motors is currently trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages which indicates a strong bearish momentum.
In addition, the stock is also trading in an oversold zone as RSI is currently below 30 indicating a potential bounce back. Tata Motors is a strong fundamental stock, so it has the potential to recover from this decline. With the demerger progressing well, Investors should keep a close eye on the stock.
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