Passenger and commercial vehicle manufacture Tata Motors Ltd. has been removed from brokerage firm CLSA’s high conviction outperform list. Tata Motors was downgraded back to its “outperform” rating and its price target was cut by 18% to ₹765 from ₹930 earlier. The revised price target implies a potential upside of 17% from Thursday’s closing. The […]
Tata Motors shares may be at a 52-week low, but its retail shareholding is not – CNBC TV18
Shares of Tata Motors Ltd., the commercial and passenger vehicle manufacturer made an all-time high of ₹1,179 on July 30 last year. Since then, the stock declined over 40% to make a 52-week low on Thursday after its December quarter results. Company Value Change %Change However, the company’s retail shareholding, or those with authorised share capital […]