What is the reason for Tata Motors fall?

Tata Motors Shares Drop Over 18% from Record High: Is It Time to Buy or Avoid Bottom-Fishing?

The drop in Tata Motors' share price followed the company's decision to cut prices on its EVs and popular cars by up to ₹2.05 lakh, indicating weaker growth prospects. Additionally, UBS issued a 'sell' rating with a target price of ₹825, which contributed to the decline.

Tata Motors Share Overview:

• Current Performance: Tata Motors shares have fallen over 18% from their record high of ₹1,179, hitting a low of ₹963.5 on September 17. At 11:40 AM, the shares were trading at ₹968.85 on the NSE.

• Trading Activity: The stock saw 3.21 crore shares traded on the NSE and 49.8 lakh shares on the BSE. It touched an intraday high of ₹996.6 and a low of ₹963.6.

• Price History: Tata Motors has a market cap of ₹3,56,530.44 crore and has seen a 22.52% increase year-to-date. Over the past year, the stock has risen 52.7%, 214% over three years, and a significant 694% over five years.

• Market Insights: Auto sales have been declining due to high inventories, and discounts are being offered ahead of the Shraadh period. Market expert Chandan suggests that Tata Motors’ chart looks weak, with a resistance at ₹990. He recommends waiting for a potential drop to ₹930-920 before considering buying.