Tata Motors Ltd extends dropping spree




Tata Motors Ltd is quoting at Rs 394.05, down 5.56% on the day as on 13:24 IST on the NSE. The inventory jumped 22.66% in final one 12 months as in comparison with a 6.05% rally in NIFTY and a 9.95% fall within the Nifty Auto index.

Tata Motors Ltd dropped for a fifth straight session immediately. The inventory is quoting at Rs 394.05, down 5.56% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down round 2.36% on the day, quoting at 15861.35. The Sensex is at 52850.29, down 2.73%.Tata Motors Ltd has misplaced round 20.03% in final one month.In the meantime, Nifty Auto index of which Tata Motors Ltd is a constituent, has eased round 17.22% in final one month and is presently quoting at 9896.65, down 4.4% on the day. The amount within the inventory stood at 287.8 lakh shares immediately, in comparison with the every day common of 268.49 lakh shares in final one month.

The benchmark March futures contract for the inventory is quoting at Rs 390.35, down 6.35% on the day. Tata Motors Ltd jumped 22.66% in final one 12 months as in comparison with a 6.05% rally in NIFTY and a 9.95% fall within the Nifty Auto index.

The PE of the inventory is 0 primarily based on TTM earnings ending December 21.

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(This story has not been edited by Enterprise Commonplace workers and is auto-generated from a syndicated feed.)

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