New Delhi, Feb. 12 -- Shares of Tata Motors, a leading global automobile manufacturer, have been maintaining a steady downward spiral in recent weeks, tumbling to levels not seen in many months. The stock, which consistently broke record highs between March 2023 and July 2024, is now becoming less appealing to investors, having declined for six consecutive months.
The selling pressure has extended into the current month, with the stock hitting a 14-month low of Rs.667 apiece in trade on Wednesday, February 12, declining 4.45% so far. Since reaching an all-time high of Rs.1,176 apiece in July 2024, the stock has corrected by 42%.
This significant drop has led to massive losses for retail investors, who held a 21.9% stake in the company a...
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