Tata Motors Shares Hit Over One-Year Low; Set To Post Worst Monthly Losing Streak Since 2015

Shares of Tata Motors Ltd. fell over 3% on Friday to touch an over one-year low, extending the fall for the fifth day in a row. Shares of the passenger and commercial vehicles manufacturer in this month alone have fallen over 12.12%, making this the seventh consecutive month of decline.

This is the worst monthly losing streak for the parent company of Jaguar Land Rover since 2015, when the stock fell between March and September 2024, before it bounced back. In addition to hitting a 52-week low, this is the worst month for the auto company since October 2024 when the shares fell over 14%.

Shares have fallen over 16% this year and over 34% since February 2024. Shares of Tata Motors have fallen 46.09% from their peak on July 30, 2024.

Including today's session, the stock has fallen in seven out of the last eight sessions.

Tata Motors shares fell as much as 3.58% to Rs 625.35 apiece, the lowest level since Nov. 1, 2023. They pared some losses to trade 3.43% lower at Rs 626.30 apiece, as of 12:46 p.m. This compares to a 1.65% decline in the NSE Nifty 50.

The stock has fallen 34% in the last 12 months and 16% year-to-date. Total traded volume so far in the day stood at 1.2 times its 30-day average. Relative strength index was at 27.

Out of 34 analysts tracking the company, 20 maintain a 'buy' rating, nine recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 33%.