Tata Motors shares had opened slightly higher and then declined to a day's low before recovering. The stock has seen an 8% gain over the past 12 months and a 1.34% increase on a year-to-date basis. The total traded volume was 0.8 times its 30-day average, with a relative strength index of 42.30. Among 35 analysts tracking the company, 20 recommend a 'buy', 10 suggest a 'hold', and five advise a 'sell'. The average 12-month analysts' consensus price target indicates a potential upside of 22.1%.
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- Tata Motors Ltd. received an order to supply 1,297 bus chassis to Uttar Pradesh State Road Transport Corp.
- Following the news, Tata Motors' share price rose 1.47% to Rs 796.35, erasing earlier losses.
- The stock has gained 8% over the past 12 months and 1.34% on a year-to-date basis.
- Out of 35 analysts, 20 maintain a 'buy' rating for Tata Motors, with an average 12-month price target implying a 22.1% upside.