Tata Motors Passenger Vehicles (PV) shares fell 1.5% in intraday trade on the BSE on Monday, November 24, even as broader markets remained positive. The stock opened at ₹362.25 and touched a low of ₹356.65, trading around ₹357.20 by 11:25 am, while the Sensex was up 0.14% at 85,349.
The stock is set to exit the Sensex on December 22, 2025, with InterGlobe Aviation (IndiGo) replacing it. Following the recent demerger, Tata Motors PV now houses passenger vehicles, EVs, and Jaguar Land Rover (JLR) businesses. Q2 results showed a 25-fold rise in consolidated net profit to ₹76,248 crore due to a one-time gain from the commercial vehicles demerger, though operational performance reflected a loss of ₹6,368 crore due to weak JLR volumes.
Analysts remain positive on long-term prospects, citing EV growth, JLR’s “Reimagine” strategy, and a strong domestic product pipeline. Technically, the stock is oversold near ₹350–355, with support expected between ₹324–350 and potential upside toward ₹385 if buyers re-emerge. Resistance lies at ₹376–387 and major hurdles near ₹400–410, with a breakout above this zone needed for a sustained uptrend.
