Tata Motors closed at around 820 today. Its High / Low during the year is 126 / 827. Why this vides fluctuation? Is the company now on growth trajectory? Your views?
The markets started showing the first signs of a downward swing in the last week of Dec 2007 and then came the crash on Jan 21st and 22nd, 2008. It was some time around this time the negotiations with Ford was getting stalled and Tata Motors managed to hold its prices around Rs. 600 by end of March 2008. But as the news of the acquisition of Jaguar for a reported US $ 2.3 Billion Dollars some time in May / June 2008 added to the worries as the economic meltdown was slowly being acknowledged by the world and one of the first casualties in any economic meltdown is the autosector. There was also the general perception that Tatas have paid more than a fair valuation for this acquisition for a company which was then facing problems and Ford was only too pleased to ex ...more