Tata Motors is currently trading at Rs. 134.05, up by 7.00 points or 5.51% from its previous closing of Rs. 127.05 on the BSE.
The scrip opened at Rs. 129.80 and has touched a high and low of Rs. 135.85 and Rs. 128.40 respectively. So far 5699331 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 135.85 and Rs. 120.20 respectively. The current market cap of the company is Rs. 41423.12 crore.
The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 28.84% and 18.21% respectively.
Tata Motors is aiming to reduce its total automotive debt to ‘near-zero levels’ in three years and generate free cash flows from FY22 onwards. However, the company’s management had to face ire from several shareholders on various issues, including non-payment of dividend four years in a row.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.