Tata Motors shares tank over 9% after Q4 results. More pain down the road?
Tata Motors Stock Falls
Here’s an extract…
The stock price of Tata Motors had zoomed over 120% in 2023, leaving investors breathless.
This meteoric rise was fuelled by a bright future for JLR, healthier profit margins, and a strategic focus on SUVs – a perfect match for rising disposable incomes.
But like any good rollercoaster, the ride hit a dip today, with the stock taking a nosedive of over 9%, marking its biggest single-day drop since February 2022.
So, is the Tata's auto stock a falling knife or is this just a temporary setback?
Tata Motors shares tank over 9% after Q4 results. More pain down the road?
Tata Motors Stock Falls
Here’s an extract…
The stock price of Tata Motors had zoomed over 120% in 2023, leaving investors breathless.
This meteoric rise was fuelled by a bright future for JLR, healthier profit margins, and a strategic focus on SUVs – a perfect match for rising disposable incomes.
But like any good rollercoaster, the ride hit a dip today, with the stock taking a nosedive of over 9%, marking its biggest single-day drop since February 2022.
So, is the Tata's auto stock a falling knife or is this just a temporary setback?
The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.
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