Following the release of the Tata Group's September 2024 sales report, shares of Tata Motors saw a 3% decline in early trading today. In early trading, the shares fell 3% to Rs 936.90. On Thursday, the company's market value dropped to Rs 3.48 lakh crore. Approximately 2 lakh shares were traded on the BSE in the first trades, with a high turnover of Rs 18.80 crore.

The multibagger car stock increased 20% in 2024 after rising 52.56% in a single year. Tata Motors stock has a one-year beta of 1, suggesting extremely average volatility throughout the time.

Tata Motors' stock reached a 52-week low of Rs 608.45 on October 4, 2023, and a record high of Rs 1179.05 on July 30 of this year. 

Technically speaking, Tata Motors' relative strength indicator (RSI) was 37.5, indicating that it is not trading in the overbought nor oversold areas. 

Tata Motors shares are trading lower than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.

Sales of both domestic and foreign vehicles for the automaker decreased 11.52% to 2,15,034 units last month from 2,43,024 units sold in September 2023. September 2024 saw a 15% decrease in total domestic sales to 69,694 from 82,023 units in September 2023.

In September 2024, the total sales of trucks and buses included in the category of Medium and Heavy Intermediate Commercial Vehicles (MH & ICV) for both domestic and foreign businesses decreased by 23% to 14,839 units from 19,199 units in September 2023.