/ Ways2Capital : Tata Motors Finally Breaks Its Losing Streak ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 16 February 2017

Tata Motors has finally ended its losing streak, initiated by poor Q3 results, and is now trading in a greener patch on February 16. The stock has gained 2% intraday. From the last two days, the stock has seen a sharp drop.  In Wednesday's session the stock plunged 11% intraday and hit its lower circuit of Rs 438.

The major reason for the stock fall was poor Q3 results, wherein an over 90% decline in its consolidated net profit was reported. In the last one year, the stock has surged by 45%, outperforming the BSE Auto index and the Sensex.

HDFC, Birla Sun Life and ICICI Prudential Mutual Fund are the top three fund houses which have invested in the stock of the company. Tata Motors Ltd is currently trading at Rs 443, up by Rs 6.45 or 1.48% from its previous closing of Rs 436.55 on the BSE.

The scrip opened at Rs 442 and has touched a high and low of Rs 444 and Rs 436 respectively. So far 4176912(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 139682 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 435 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.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717