Tata Metaliks stock was trading at Rs 773.05, up 0.57% in early deals against the previous close of Rs 768.70 on BSE. Market cap of the firm stood at Rs 2,441 crore.
Tata Motors stock was trading at Rs 472, up 0.52% in the pre-open session against the previous close of Rs 469.55 on BSE. Market cap of the firm stood at Rs 1.56 lakh crore
Tata Motors share price: Tata Motors stock, which closed at Rs 500 on February 17 is down 19.4 per cent till date. It hit a 52-week low of Rs 366.05 on May 12, 2022.
Tata Motors share price today: Shares of homegrown auto major Tata Motors fell over 4 per cent today after the firm's UK arm Jaguar Land Rover (JLR) reported a 4.9 per cent decline in retail sales in Q2. Sales fell to 8,121 units in Q2 against 92,710 units in the corresponding quarter of previous fiscal. Additionally, sentiment around the Tata Motors stock was negative with JPMorgan downgrading the scrip to neutral from overweight. The brokerage said downgrade occurred due to a delay in deleveraging timelines at JLR. A delay in free cash flow generation raises risks to JLR's debt reduction targets.
Shares of Tata Motors were in focus today after the firm reported a 44 per cent rise in domestic sales to 80,633 units in September. The company logged its highest ever monthly sales led by record sales of Nexon and Punch. However, investors were not enthused about the sales performance with the stock falling after four consecutive sessions of gains. Tata Motors share slipped up to 1.76 per cent to Rs 397.50 against the previous close of Rs 404.65 on BSE. Market cap of the firm fell to Rs 1.33 lakh crore. Tata Motors stock is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. It has taken a hit in 2022, declining 17.44 per cent as the Russia-Ukraine war dampened sentiment in the global market and around the stock in the first half of this year.