Tata Motors share prices have closed out the day (11th April) at ₹595.05, which is approximately 2.45% lower than the opening price of ₹610. Interestingly, the stock opened 4.64% higher than the closing price of ₹582.90 on 9th April, which was a welcome development for investors, especially after the opening price for 9th April went lower than the closing price on 8th April. However, the prices were at ₹599.35 by midday, dipping in value by 1.74% from the opening figures, and this happened after a peak at ₹611.23 and then a fall to ₹598.06.
With the positive sentiments circling around the stock since morning, the midday slump came as a surprise, although the impact of Trump tariffs and JLR halting shipments to the U.S. cannot still be ruled out. The company does have something going for it in the domestic market though, since it became the second-biggest carmaker in India for the month of March.
Tata Motors was on a roll as it opened at ₹610 today (11th April), which was about 4.64% higher than the closing price of ₹582.90 on the 9th of April. Interestingly, the opening price for the 9th of April was also comparatively lower than the 8th of April’s closing price of ₹588.85. Yet, after the stellar opening, the share prices have come down by 1.74% at midday, touching ₹599.35.
The prices have peaked today at ₹611.23 after an initial plunge and the lowest point so far has been ₹598.06, although it has mostly been a flattish curve till now. With JLR pausing U.S. shipments due to the imposition of Trump tariffs, there could be still be an impact on prices down the line.
Tata Motors has bucked the fluctuating trends seen on 9th April, when it closed 0.86% lower than the opening price to start the day strong today (11th April). They have opened at ₹610, regaining much of its earlier value and posting growth of 4.64% over the 9th April closing price of ₹582.90 on 9th April. At the same time, the 9th April opening price was also negligibly lower than the closing price of ₹588.85 on 8th April.
There are multiple developments that have impacted the stock previously, including Trump tariffs and the company-owned subsidiary, JLR (Jaguar Land Rover), pausing U.S. shipments as a result. Yet, Tata Motors becoming India’s second-largest carmaker in March may have led to these positive sentiments, although worries remain regarding reports highlighting a slump in fleet orders for EVs by 92% in 2024.
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