Tata Motors share prices closed at ₹707.50 today (March 25), which is 1.59% lower than the opening price of ₹719. Interestingly, the opening price was higher than the closing price of ₹713.50 for March 24 by 0.77%. The opening price on March 24 was also at ₹710, higher than the March 21 closing price of ₹702.95. At the same time, the opening price on March 21 (₹693) was also higher than the closing price of ₹690.05 on March 20.
The stock thus had three straight days of opening above the closing price. At midday, however, the shares were trading at ₹713.30, representing a drop of 0.79% from the opening price. While there was a peak to ₹722.16 after the initial sessions, there was also a sharp drop to ₹706.81,
Tata Motors shares witnessed positive momentum over the last few days and opened at ₹719 today (March 25). However, they came down by 0.79% from the opening threshold to reach ₹713.30 by midday. The stock peaked at ₹722.16 after some positive initial sessions of trading and later on, it saw a steep downward curve, going down to ₹706.81, before recovering to the current threshold.
The drop in prices feels surprising since Tata Motors has attracted significant investor attention and positive momentum. News has also come in about CESTAT favoring the company with no social welfare surcharge when the basic customs duty is exempt. While the stock is seeing a slide, it may recover by the end of the day. It remains to be seen how that plays out.
Tata Motors opened at ₹719 today, i.e. March 25, which is 0.77% higher than yesterday’s (March 24) closing price of ₹713.50. Interestingly, the opening price on March 24 stood at ₹710, which was also sizably higher than the closing price on March 21, i.e. ₹702.95. Opening prices on March 21 were ₹693 and this in turn, was higher than the closing price on March 20, which was ₹690.05.
This represents the third straight day of gains for the stock in terms of opening above the closing price. Analysts remain optimistic about the company’s growth prospects, particularly in terms of its exciting future product lineup in both the PV and EV categories. Two new EVs could hit the market in 2025, and this news may impact the stock’s fortunes going forward.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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