Tata Motors Ltd (TTM) has risen sharply, recording gains of 5.86% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3% and the 50-Day Moving Average is 7.84%. Tata Motors Ltd (NYSE:TTM): stock turned positive on Friday. Though the stock opened at $38.55, the bulls momentum made the stock top out at $38.84 level for the day. The stock recorded a low of $38.35 and closed the trading day at $38.69, in the green by 1.34%. The total traded volume for the day was 721,226. The stock had closed at $38.18 in the previous days trading.
Institutional Investors own 12.19% of Tata Motors Ltd shares.
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.