The Tata Group, one of India’s most leading conglomerates, is feeling the heat of a bearish market. Despite its track record of wealth creation, several Tata stocks are currently hovering near their 52-week lows. While most of the group’s companies are witnessing a decline, Benares Hotels has surprisingly emerged as a standout performer.
Here’s a look at five key Tata stocks struggling in the current market downturn. Tata Motors
Tata Motors, a leader in the automobile sector, is trading at Rs 688, just 3% away from its 52-week low of Rs 667.05.
The share price of Tata Motors has seen a sharp drop of 10% in the past month, a 36% decline over six months, and a 25% fall in the last year. The 52-week high of Rs 1,179 is now a distant figure for the auto giant. The company’s market capitalisation stands at Rs 2.54 lakh crore.
Tata Steel
Tata Steel share price is currently trading at Rs 138 per share, only 12% away from its 52-week low of Rs 122.62.
In the last five days, the stock has barely moved, gaining just 1%. Over a broader period, it has fallen 9% in six months and 4% over the past year.
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Tata Technologies, which had an impressive market debut, is now struggling. The stock is trading at Rs 746, just 4.9% away from its 52-week low of Rs 711.20.
Over the last six months, it has lost 27%, while its yearly performance has dropped by 37%. Its 52-week high stands at Rs 1,179. The company’s market capitalisation stands at Rs 30,340 crore.
Tata Communications
Tata Communications is currently trading at Rs 1,488, just 1.3% above its 52-week low of Rs 1,468.50.
The share price of Tata Communication has dropped 12% in the past month and 17% over the last year. Its 52-week high of Rs 2,175 marks a sharp contrast to its current performance. The company’s market capitalisation stands at Rs 42,410 crore.
Tata Chemical
Tata Chemicals is another Tata Group stock struggling in the current market downturn.
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