/ Ways2Capital : Auto Stocks Lose Momentum, Tata Motors Down By 7.20% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 15 February 2017

Even as both benchmark indices Sensex & Nifty opened in red, Tata Motors is dragging the BSE Auto index down in early hours of trade of Wednesday’s trading session. Tata Motors is down by 7.27%, Hero Motocorp is down by 0.72%, Ashok Leyland is down by 0.60%, Cummins India is down by 0.48% and Bajaj Auto is down by 0.45%.

Whereas, bucking the trend, Bosch is up by 0.94%, Bharat Forge is up by 0.87%, M&M is up by 0.61%, Motherson Sumi is up by 0.45%, MRF is up by 0.19% and Exide India is up by 0.14%.Tata Motors is contributing almost 100% to the index's downfall.

Among the index constituents there are 6 advances and 7 declines. Tata Motors Ltd is currently trading at Rs 447.65, down by Rs 39.15 or 8.04% from its previous closing of Rs 486.8 on the BSE.

The scrip opened at Rs 449 and has touched a high and low of Rs 453.25 and Rs 441.25 respectively. So far 20999047(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 155736.69 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 290.45 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 518.15 and Rs 468.3 respectively.

The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.04 % and 26.24 % respectively. The stock is currently trading below its 100 DMA.

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