Why TATA Motors share has fallen today? | Tata Motors Latest News | Why Tata Motors hit a lower circuit today
Despite a good sells report Tata Motors Share has started falling today from 358 Rs per share price at around 1:40 PM. During the morning session It has Started a swing up till 3% expecting a sells growth. The media report announced by Tata Motors shown that The sells growth was good in all the segments including Jaguar and Land rover. After that, A news came out that ‘Senior executives from Tata Motors, Renault design team quit and joined Mahindra' After the news came out', market has thought of a weaker management and the stock started falling. The company has also told that there will be a price hike of the passenger vehicles because of the high steel price and there was a huge semiconductor shortage for the Electric vehicles as well. It has also added a negativity to the sentiment and the stock has hit a lower circuit. Finally the stock has closed at 8.33% lower from its opening. and last traded price was 316.90 Rs per share. A huge amount of Selloff is been seen wit...