Select LCVs and HCVs close in red; Tata Motors down by 1%

India Infoline News Service | Mumbai | January 11, 2017 17:28 IST

In an up market like today's the LCVs and HCVs remained underperformers with stocks like Tata Motors managed to close in red.

In a day where market witnessed major uptrend, the LCVs and HCVs remained underperformers with stocks like Tata Motors managed to close in red.
 
Nifty and Sensex today ended gaining 84 and 219 points from the previous close. While, Nifty Auto index closed gaining 0.91%.
 
In the Nifty Auto index, MRF was the star performer for the day gaining 4.57%. Bharat Forge gained 2.44%. Exide Industries, Mahindra & Mahindra and Maruti gained above 1.5%. These few stocks contributed to the index gain today.
 
While the market zoomed today, following stocks from Light Commercial Vehicles(LCVs) and Heavy Commercial Vehicles(HCVs) segment of Auto industry failed to perform in line with the Auto index.

Tata Motors declined by 1.03%. Its DVR stock declined by 0.15%. Ashok Leyland closed with mere gain of Rs 0.30 per share or 0.35%. SML Isuzu closed with gain of Rs 1.70 per share or 0.14%.

Stock View:
 
Tata Motors Ltd closed at Rs 518.9, up by Rs 3.6 or 0.7% from its previous closing of Rs 515.3 on the BSE.
 
The scrip opened at Rs 518.2 and has touched a high and low of Rs 525 and Rs 517.3 respectively. So far 5262063(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 165389.53 crore.
 
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 516.55 and Rs 484.6 respectively.
 
The promoters holding in the company stood at 33 % while Institutions and Non-Institutions held 40.58 % and 26.42 % respectively.
 
The stock is currently trading above its 100 DMA.

***Note: This is a NSE Chart

 

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