Tata Motors Share Price Declines 1 Percent; Immediate Support at Rs 650
Tata Motors Share price was trading one percent lower during early trades on Monday. Tata Motors opened the session at Rs 670 and touched intraday low at Rs 666 by the time of publication of this report. NSE Nifty was down by one percent and there isn't any big impact on the markets from US attack at three Iranian sites during the weekend. Nifty opened at 24,939 and touched low at 24,824 and was currently trading at 24,866. Tata Motors has managed to create a strong support in Rs 650 - 630 range. The stock, well off its 52-week high of ₹1,179, has attracted investor attention thanks to recent analyst upgrades and strong sectoral tailwinds. ICICI Securities recommends an “Add” at lower levels for long term investors while JM Financial is bullish with a target of ₹815. With technical indicators signaling strength and key retracement zones in play, this could be a pivotal entry window. Competition from M&M and Maruti intensifies the narrative in India’s auto sector.
Stock Snapshot
| Metric | Value |
|---|---|
| Open | ₹670.00 |
| High | ₹676.00 |
| Low | ₹666.10 |
| Market Cap | ₹2.46 Lakh Crore |
| P/E Ratio | 10.30 |
| Dividend Yield | 0.90% |
| Quarterly Dividend | ₹1.51 |
| 52-Week High | ₹1,179.00 |
| 52-Week Low | ₹535.75 |
Analyst Recommendations (June 2025)
- ICICI Securities: “Add” with a target of ₹775 – supported by EV outlook and JLR margin recovery.
- JM Financial: “Buy” with a bullish target of ₹815 – 20%+ upside seen in FY26.
- Motilal Oswal: Neutral with a target of ₹690 – cautious on macro headwinds.
Candlestick Patterns
The daily chart reflects a classic Doji candlestick near ₹670, signaling market indecision. A strong close above ₹705 (preferably via a bullish engulfing candle) could indicate a breakout toward the next resistance zone. Until then, traders are advised to watch for re-tests near ₹657 as key support.
Fibonacci Retracement Levels
| Fibonacci Level | Price (₹) |
|---|---|
| 38.2% | ₹734.08 |
| 50.0% | ₹857.38 |
| 61.8% | ₹980.68 |
These retracement levels (from ₹1,179 to ₹535.75) mark clear checkpoints. A move past ₹734 would open the path toward ₹857, but failure to hold ₹657 could lead to deeper corrections.
Support and Resistance Zones
- Support: ₹657.23 / ₹638.27 / ₹609.88
- Resistance: ₹704.58 / ₹732.97 / ₹751.93
Traders can watch for a range breakout above ₹704 with a trailing stop-loss placed near ₹657. Sideways movement may persist unless supported by volume or news catalysts.
Peer Comparison
| Company | Price (₹) | P/E Ratio | 52-Week High |
|---|---|---|---|
| Mahindra & Mahindra | ₹1,308.45 | 22.5 | ₹1,458.20 |
| Maruti Suzuki | ₹12,630.70 | 24.8 | ₹13,153.75 |
| Tata Motors | ₹670.00 | 10.30 | ₹1,179.00 |
Despite being one of the largest auto players, Tata Motors trades at a significant discount compared to M&M and Maruti, both in terms of valuation and proximity to 52-week highs.
Strategic Takeaways
- Accumulation Zone: Current consolidation makes ₹660–₹670 an attractive range for medium-term investors.
- Breakout Watch: Price closing above ₹704 may lead to rapid upside toward ₹734 and beyond.
- Stop Loss Strategy: Short-term positions should use ₹657 as trailing support.
- Long-Term Drivers: EV segment, JLR turnaround, and export growth remain key catalysts.
Final Word
Tata Motors is quietly setting the stage for its next move. With key supports holding firm, favorable analyst sentiment, and attractive valuation multiples, it presents a compelling case for investors willing to wait through the noise. For both swing traders and long-term players, this may be the quiet accumulation phase before the next bullish charge.
