Tata Motors Ltd (TTM) : Traders are bullish on Tata Motors Ltd (TTM) as it has outperformed the S&P 500 by a wide margin of 7.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.09% in the last 1 week, and is up 10.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Tata Motors Ltd (NYSE:TTM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.52 and $38.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.00, notching a gain of 2.28% for the day. The total traded volume was 1,509,469 . The stock had closed at $38.13 on the previous day.
The stock has recorded a 20-day Moving Average of 5.62% and the 50-Day Moving Average is 10.97%. Tata Motors Limited is up 31.9% in the last 3-month period. Year-to-Date the stock performance stands at 32.39%.
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.