The shares of Tata Motors Promoted Company Automobile Corp of Goa saw a huge decline on Monday, March 3. The stock on BSE fell over 4% to close at Rs 990.75.
During the day trading, the stock reached a low of Rs 936 and made a new low of 52 weeks.
65% drop in 6 months
The company’s shares have fallen by more than 65% in the last six months.
- In September 2024, the stock was at Rs 2,903.40, which has now come down to Rs 990.75.
- This is a matter of great concern for the company’s investors, as there has been a huge loss of investment in this period.
More than 70% of the stock dropped from 52-week high
The shares of the Automobile Corp of Goa were at a 52-week high of Rs 3,449 on 2 August 2024.
- The stock closed at Rs 990.75 on 3 March 2025.
- That is, there was a decline of more than 70%.
- In the last 1 year, the stock broke 43%, while in 3 months there was a loss of 55%.
- The stock has dropped 53% since the beginning of 2025.
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143% gains in 5 years, but recent decline is increasing concern
However, stock has performed well over the long term.
- On 6 March 2020, the stock was at Rs 406.55, which closed at Rs 990.75 on 3 March 2025.
- That is, 143% gained in the last 5 years.
- In the last 4 years also the stock rose by 118%.
But the recent decline has increased the concern of investors.
