Tata Motors Share Price: The Indian stock market has been hit by a relentless wave of selling over the past few months. Despite some positive developments globally and domestically, the market has failed to gain momentum. On one hand, foreign investors have started offloading their holdings, while on the other, domestic investors are waiting for the market to recover. If you’re looking for stocks to invest in during this downturn, keep an eye on the multibagger stocks from the Tata Group.
Will Tata Motors Share Spark Hope in a Declining Market?
Over the past two decades, Tata Group stocks have delivered millions and even billions of rupees in returns to investors. This includes stocks like TCS, Tata Motors, Titan, and others. Tata Motors, a favorite of the late Ratan Tata, has seen its share price drop significantly over the last six months. However, amidst the market slump, this could be a great opportunity to invest in Tata Motors. The stock has fallen nearly 40% from its all-time high, making it appear undervalued according to market experts.
Tata Motors’ shares hit a high of ₹1,179 in July last year, but since August, the stock has been on a downward trend, currently trading at ₹675.05. Let’s take a closer look at what experts are saying and what the target price for Tata Motors shares could be.
What Do Experts Say About Tata Motors Shares?
Over the past year, Tata Motors’ shares have delivered a negative return of 27%. However, over the last five years, the stock has given investors a return of over 330%, and over the long term, it has delivered an impressive return of over 2,047%. In April 2001, Tata Motors’ shares were priced at just ₹12.29, and today they stand at ₹675.
Market experts have shared their views on investing in Tata Motors. According to an ET report, experts believe that while there is still some uncertainty around the stock, it has shown significant recovery potential, making it an attractive buy in terms of valuation. They noted that Tata Motors’ stock has fallen from ₹1,176 to below ₹700, and it could rebound strongly from these levels.
How Did Tata Motors Share Perform Today?
Tata Motors Share opened today at ₹681.75 and reached a high of ₹690.95 during the trading session. At market close, the stock was trading between ₹680 and ₹682.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks. Always consult your financial advisor before making any investment decisions.
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