Stock Of The Day: Tata Motors Shares Poised For Worst Monthly Streak In Nearly A Decade

Shares of Tata Motors Ltd. tumbled over 9% on Thursday as the automaker's third-quarter profit plunged over a fifth and missed estimates. Thursday's rout makes the stock poised for its sixth consecutive month of decline, the longest since September 2015. In 2025 so far, the stock has fallen by over 6%, as the scrip has tumbled over 40% since its life high in July last year. The previous biggest daily fall was recorded on May 19, 2024, as the stock plunged 9.5% during the day. The stock fell as much as 9.2% during the day to Rs 683.2 apiece on the NSE. The selloff that began last year has sent the stock below its long-term trend gauge — the 200-day daily moving average. The counter is also trading below the 14-day simple moving average and the 21-day exponential moving average. The stock tests the support level of Rs 695 on a daily time frame, which is also near two standard deviations below the 14-day moving average. A close below this could send the stock further downside. The stock will need to close above Rs 750-mark to see signs of reversal in the short term. Total traded volume so far in the day stood at 1.31 times its 30-day average. Relative strength index was at 35.Twenty-three of the 35 analysts tracking the company have a 'buy' rating, eight suggest a 'hold', and four have a 'sell', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential upside of 32%..Indian Stocks' Rs 24-Lakh Crore Rout Triggers Worst Losing Streak Since 2001.Tata Motors' profits fell and missed estimates in the third quarter of the fiscal as discounts and inventory weighed on local sales. Following this, analysts tracking the automaker have cut the target price. Consolidated net profit fell 22% year-on-year to Rs 5,451 crore in the three months ended Dec. 31, 2024, even as revenue rose 2.7% to Rs 1,13,575 crore. Analysts tracked by Bloomberg had pegged the bottom line at Rs 6,435 crore and the top line at Rs 1,16,646 crore.Jaguar Land Rover delivered record third-quarter revenue of £7.5 billion, but its operational profitability margin dipped 200 basis points to 14.2%. Profit before tax stood at £523 million as against a £103 million loss in the year-ago period..Tata Motors Q3 Review: Target Price Cut By Analysts Amid Concerns Over JLR Performance.Retained an 'equal-weight' rating on the stock and lowered target price to Rs 853 apiece from Rs 920.Jaguar Land Rover's fiscal 2025 earnings before interest and tax margin guidance is maintained, but revenue and return on capital employed guidance were lowered marginally.Jaguar Land Rover will reassess fiscal 2026 guidance after fourth-quarter earnings.Third-quarter miss was driven by weaker-than-expected average selling prices for Jaguar Land Rover.India passenger vehicle and commercial vehicle Ebitda were slightly below estimates..Retained a 'neutral' rating on the stock and lowered target price to Rs 800 apiece from earlier Rs 830.Third-quarter results were in line with expectations.Jaguar Land Rover’s China uncertainty was partially offset by an electric vehicle margin surprise.Expects modest volume growth from Jaguar Land Rover and passenger vehicles.Sees low-teens Ebitda growth over fiscals 2025 to 2027..Stock Market Live: Nifty, Sensex Extend Gains To Third Day As BEL & Power Grid Rise

Stock Of The Day: Tata Motors Shares Poised For Worst Monthly Streak In Nearly A Decade

Tata Motors' profits fell and missed estimates in the third quarter as discounts and inventory weighed on local sales.

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