Tata Motors share prices closed out the day at ₹655.55, which is 0.67% lower than the opening price of ₹660 today (3rd April). This comes on the back of reports about the company witnessing mostly flat sales figures for the month of March and weaker performance for the fiscal year. However, there are reports of it outstripping M&M and Hyundai to leapfrog to the second spot in the list of India’s biggest carmakers. At midday, the stock was trading at ₹659.40, which was slightly lower than the opening price.
It may have been triggered by the kicking-in of tariffs on imported cars announced previously by Donald Trump. Of course, there were fluctuations, with the prices going up to ₹667.82 first before plunging to ₹656.79 and then increasing to the midday numbers again. Interestingly, today’s opening price was 1.81% lower than the closing price of ₹672.20 on 2nd April. Yet, the opening prices were higher than the closing figures on 1st April, while the same trend as today was observed on 28th March. It now remains interesting as to how the stock will play out ultimately over the next few days.
Tata Motors share prices have touched ₹659.40 by midday, which is about 0.09% lower than the opening price of ₹660 today (3rd April). This may be due to the recent announcements made by U.S. President Donald Trump regarding tariffs on car imports and this led to a fall in ancillary shares alongside. The stock had also opened lower than yesterday’s closing price, possibly driven by news of its flat sales figures for March.
The stock has shown a downward trend all throughout today, rising slightly to ₹667.82 before coming down to ₹656.79 and then going up to the midday figure mentioned above. How the stock prices play out is something to be seen, in light of the recent developments.
Tata Motors share prices opened at ₹660 today, a sharp plunge of 1.81% from the previous closing price of ₹672.20 yesterday (2nd April). However, the opening price of ₹674.95 on 2nd April was 0.46% higher than the closing price of ₹671.85 on 1st April, while the opening price of ₹670.55 on 1st April was lower than the closing price of ₹674.45 on 28th March. Hence, the stock may have gone back to its previous price trends and it remains to be seen how it plays out till midday at least.
The company has been in the news for its weak performance for the fiscal and flat monthly sales figures in March. There was a silver lining though- it outstripped both Hyundai and M&M to become India’s second-biggest carmaker for the month.
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