Top 2 Bluechip Tata Group Stocks Most Active Equities Today, Amid A Flat Market Trend

Indian stock markets recovers only marginally today from yesterdays crash. However, Sensex closed 37.70 points lower. Amid this flat market trend, these two bluechip Tata group stocks were the most active equities today. Current market price of TATA Steel stood at Rs. 97.70/share on NSE, fell by 2.15% today. In the past 1 month its share price fell by 6.82%, in the past 6 months year its stock price has fallen by 27.04%, and in the last 1 year it has fallen by 23.10%. This largecap stock has a market capitalization of Rs. 119,326 crore, and it is offering a 5.22% dividend yield.Advertisement Tata Steels share price slipped to a 2-month low at Rs. 96.50 on the NSE today, falling by around 8.48% in the last 5 trading days. On September 23, Tata Steel approved the merger of its 7 metal subsidiaries (Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining and S&T Mining Company) with the parent company Tata Steel. Post-merger news, the share price of this Tata group stock is falling, losing investors confidence. So, the stock is available at a lower price now. Current market price of TATA Motors stood at Rs. 399.40/share on NSE, up by 0.48% today. In the past 1 month its share price fell by 11.90%, in the past 6 months year its stock price has fallen by 7.70%, but in the last 1 year it has gained by 20.43%. This largecap stock has a market capitalization of Rs. 132,448 crore. Commenting on the stock, Ravi Singh, vice president, Head of Research, Share India mentioned, As per the company, Jaguar Land Rover (JLR) faces headwinds due to lockdowns in China for Covid-19, the global supply chain issues in its UK subsidiary caused by the war in Ukraine and difficult macroeconomic conditions. These problems may impact JLR financially in FY23. However, in India, companys vehicles across commercial vehicle and passenger vehicle segments including EVs remained robust, which positively impacted Tata Motors sales in the short term. The stock price may show some strength to touch the levels of Rs. 500 till Diwali amid festive demand. The long-term outlook of the stock remains weak citing the JLRs sales which contributes a majority of chunk to Tata Motors revenue. The equity market is a highly volatile investment platform. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.