Tata Motors share price dips as top executives exit ahead of demerger
1 month, 1 week ago

Tata Motors share price dips as top executives exit ahead of demerger

Live Mint  

Stock market today: Amid reports of unhappy top executives leaving Tata Motors Ltd ahead of the demerger, Tata Motors' share price witnessed strong selling pressure on Friday. Maintaining a positive outlook for Tata Motors shares, Sagar Shetty of StoxBox said, “The demerger will also help participants better assess the company's financial performance based on each division’s performance. We thus maintain a positive outlook for the company, believing that the demerger will help unlock value for the stakeholders.” On the outlook for Tata Motors shares, Sumeet Bagadia, Executive Director at Choice Broking, said, “Tata Motors shares are looking sideways on the technical chart. The stock may bounce back and touch ₹700 soon.” On the suggestion to fresh investors, Bagadia said, “Tata Motors share price may become bullish once it breaks above ₹700 apiece on a closing basis.” He said that once it breaks above ₹700 on a closing basis, Tata Motors shares may touch ₹750 soon.

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