Tata Motors . Stock Declines by -3.04% on October 29, Underperforming Sector

Tata Motors ., a leading player in the Indian automobile industry, has seen a decline in its stock price on October 29, 2024. The company's stock has lost -3.04% on this day, underperforming the sector by -0.96%. The stock touched an intraday low of Rs 851.05, a decrease of -3.15% from the previous day's closing price.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current call for Tata Motors . is 'Hold'. This suggests that investors should hold on to their existing positions in the company's stock.

Tata Motors . is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price. The company's stock is also reflecting the overall trend in the Automobiles - Passenger Cars sector, which has fallen by -2.08%.

In comparison to the overall performance of the stock market, Tata Motors . has underperformed. On this day, the company's stock performance was -3.53%, while the Sensex performance was -0.46%. Over the past month, Tata Motors . has also seen a decline of -14.59%, while the Sensex has decreased by -6.94%.

Despite the recent decline in stock price, Tata Motors . remains a largecap company in the Indian market. As a leader in the passenger car segment, the company continues to hold a strong position in the industry. Investors should keep a close eye on the company's performance in the coming days.