Tata Motors Ltd (TTM) : Analyst Rating Update

Tata Motors Ltd (TTM) : 1 brokerage houses believe that Tata Motors Ltd (TTM) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 1 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

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 $33.69 and $33.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.18, notching a gain of 0.62% for the day. The total traded volume was 950,532 . The stock had closed at $33.97 on the previous day.

The company shares have rallied 10.22% 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 $32.99 and the 200 Day Moving Average price is recorded at $28.48.

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.

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