Tata Motors Share Dips to ₹620 in Early Trade; Marginal Loss Amid Volatile Auto Sentiment
Tata Motors share slipped 0.12% in morning trade despite positive market cues. Analysts eye upcoming Q4 earnings and margin outlook.
Key Highlights:
Tata Motors Share Trades Flat at ₹620.80 in Early Trade
Tata Motors Share opened slightly lower on Monday, quoting at ₹620.80, down ₹0.75 or 0.12% as of 09:18 AM IST. The stock’s marginal decline comes amid mixed cues in the auto sector and consolidation after last week’s rally.
Despite the broader market’s firm opening, Tata Motors is witnessing subdued sentiment likely due to investor caution ahead of its Q4 FY24 earnings and global JLR updates.
Tata Motors Price Today: Volatility Amid Sector Rotation
After rallying strongly in recent sessions, Tata Motors appears to be pausing for breath as traders assess demand trends, inventory levels, and commodity cost implications on margins.
Factors influencing today’s sentiment:
- Awaited earnings clarity on JLR volumes and margins
- Global EV momentum slowing in parts of Europe
- Sectoral rotation from auto to banking and IT
How Auto Peers Are Performing
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Maruti Suzuki | 11,820.00 | +0.20% |
| M&M | 1,890.50 | +0.08% |
| Bajaj Auto | 9,110.30 | -0.10% |
| Ashok Leyland | 192.60 | +0.25% |
| Tata Motors | 620.80 | -0.12% |
While most auto names were mildly positive, Tata Motors lagged slightly in early action.
Tata Motors: Key Support and Resistance Levels
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 615 |
| Strong Support | 602 |
| Immediate Resistance | 628 |
| Breakout Level | 640 |
Traders are advised to watch for ₹615 as the crucial intraday support. A sustained move above ₹628 may trigger fresh buying momentum.
Analysts’ Take on Tata Motors Stock
Brokerages remain cautiously optimistic on Tata Motors:
- Morgan Stanley: “Watchful on JLR profitability; maintain ‘Overweight’ with target ₹710.”
- Jefferies: “Near-term headwinds in EV exports may weigh, but India CV outlook strong.”
- Axis Securities: “Stock likely to remain rangebound ahead of results. Accumulate on dips.”
Final Word on Tata Motors Share Today
While Tata Motors share saw mild profit booking in early trade, the broader sentiment remains constructive ahead of earnings. Investors should monitor key levels and watch for volume triggers. Long-term story in EV and domestic CV segment stays intact, but near-term price action may remain choppy due to global uncertainties.
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