Tata Motors Ltd (NYSE:TTM) : On Wednesday, The money flowed into the Tata Motors Ltd (NYSE:TTM) stock with an uptick to downtick ratio was recorded at 1.09. Transactions worth $2.3 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $2.11 million. The total money flow into the stock was $0.19 million. The block trades reveal a bullish bias with an up-down ratio of 3.04. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.21 million of block transactions on upticks. The value of block trades on downticks was $0.4 million, indicating lower selling interest. The total money flow in block trades was $0.81 million. In terms of price action, Tata Motors Ltd (NYSE:TTM) traded down $0.07 during the session at $33.3. Compared to the previous days closing, the stock was down only by -0.21%. For the week, the stock is -1.74%, over previous weeks closing.
Institutional Investors own 12.07% of Tata Motors Ltd shares.
The company shares have dropped -3.44% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $36.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.25 and the 200 Day Moving Average price is recorded at $28.30. Tata Motors Ltd (NYSE:TTM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.58 and $33.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.66, notching a gain of 0.87% for the day. The total traded volume was 1,850,311 . The stock had closed at $33.37 on the previous day.
Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations. Its automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories. Its automotive operations are further subdivided into Tata and other brand vehicles (including vehicle financing) and Jaguar Land Rover. Its all other operations segment includes information technology services, and machine tools and factory automation solutions. Its commercial and passenger vehicles are marketed in countries in Europe, Africa, the Middle East, South East Asia, South Asia, South America, Australia, Commonwealth of Independent States and Russia.