Tata Motors Stock Declines by -3.03% on October 8th, 2024, Reflecting Underperformance in Indian Automobile Industry.

Oct 08 2024 09:35 AM IST
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Tata Motors, a major player in the Indian automobile industry, has experienced a -3.03% decline in its stock price on October 8th, 2024. This has resulted in a 'Hold' call by MarketsMojo. The stock has been consistently falling for the past two days and is currently trading below its moving averages. In comparison to the Sensex, Tata Motors has underperformed with a -2.96% decline in just one day. However, it remains a largecap company in the industry.

Tata Motors ., a leading player in the Indian automobile industry, has seen a decline in its stock price by -3.03% on October 8th, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.

The stock has been on a consecutive fall for the past two days, with a decline of -3.53% during this period. On the same day, the stock also touched an intraday low of Rs 893.9, showing a decrease of -3.68%. Tata Motors is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall performance of the Sensex, Tata Motors has underperformed with a -2.96% decline in just one day, while the Sensex showed a slight increase of 0.05%. Over the past month, Tata Motors has also shown a decline of -14.11%, while the Sensex has only decreased by -0.12%.

Despite these recent declines, Tata Motors remains a largecap company in the automobile industry. As a neutral and informative news article, it is important to note that this article does not mention any future potential, investor interest, or expert opinions. The information provided is based on facts and figures, without any recommendations.
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