Tata Motors Passenger Vehicles (TMPV) shares are likely to attract heightened investor attention in Tuesday’s trade after the company reported robust November sales. The automaker said on Monday that its passenger vehicle sales rose 26 per cent year-on-year (YoY) to 59,199 units, up from 47,117 units in the same month last year.
Domestic sales contributed significantly to this growth, increasing 22 per cent YoY to 57,436 units, compared with 47,063 units in November 2023. The steady rise underscores improving demand across Tata Motors’ passenger vehicle portfolio.
The company currently has a market capitalization of ₹1,33,961 crore. Over the past year, the stock has traded between a 52-week high of Rs 507.97 and a 52-week low of ₹335.30, reflecting the broader volatility in the auto sector.
Technical outlook:
RSI (14-day): The stock’s Relative Strength Index stands at 26.9, placing it in the oversold zone (RSI below 30). An oversold RSI often indicates that selling pressure may be overextended, increasing the likelihood of a technical bounce in the near term.
Tata Motors PV is currently trading below 6 out of its 8 simple moving averages (SMAs). While it remains above the shorter-term 5-day and 10-day SMAs, its position below most medium- and long-term averages indicates a bearish undertone, suggesting the stock has faced consistent selling pressure in recent sessions.
In a separate update, Tata Motors’ commercial vehicle segment delivered a strong performance in November, recording a 29 per cent year-on-year increase in total sales to 35,539 units. This reflects improving demand across key commercial categories such as trucks, buses, and light commercial vehicles.
Domestic dispatches were also solid, rising 25 per cent YoY to 32,753 units, underscoring healthy activity in core markets and a pickup in economic and infrastructure-related movement.
