One of India’s biggest corporations, the Tata Group, is suffering from a bear market. Despite the company’s history of generating wealth, several Tata equities are presently trading close to their 52-week lows. Even though the majority of the group’s businesses are struggling, Benares Hotels has unexpectedly become a standout performer.
Here are five important Tata stocks that are having a hard time during the current market slump.
Tata Motors
Leading automaker Tata Motors is trading at Rs 688, only 3% above its 52-week low of Rs 667.05.
Tata Motors’ share price has dropped sharply over the last month by 10%, over the last six months by 36%, and over the last year by 25%. For the car behemoth, the 52-week high of Rs 1,179 is now a faraway number. The market value of the company is Rs 2.54 lakh crore.
Tata Steel
The price of one share of Tata Steel is currently at Rs 138, just 12% above its 52-week low of Rs 122.62.
The stock has hardly moved, rising about 1% over the past five days. In a longer time frame, it has dropped 4% in the last year and 9% in the last six months.
Tata Technologies
Tata Technologies is currently having difficulties after making a strong market debut. Only 4.9% separates the stock’s current price of Rs 746 from its 52-week low of Rs 711.20.
It has lost 27% during the past six months, and its annual performance has fallen 37%. Its 52-week peak is Rs 1,179. The market capitalization of the business is Rs 30,340 crore.
Tata Communications
Just 1.3% above its 52-week low of Rs 1,468.50, Tata Communications is currently trading at Rs 1,488.
Over the last year, Tata Communication’s share price has fallen 17%, and in the last month, it has fallen 12%. Its recent performance is in stark contrast to its 52-week high of Rs 2,175… The market capitalization of the business is Rs 42,410 crore.
Tata Chemicals
Another Tata Group company that is having trouble in the present market slump is Tata Chemicals.
At Rs 853.10, the stock is only 2.5% higher than its 52-week low of Rs 831.80. The stock has lost over 11% in the last month, and it has lost 12% in the last year.