Tata Motors is currently trading at Rs. 99.00, up by 2.50 points or 2.59% from its previous closing of Rs. 96.50 on the BSE.
The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 101.45 and Rs. 98.75 respectively. So far 1511753 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. 101.45 and Rs. 84.55 respectively. The current market cap of the company is Rs. 30827.94 crore.
The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 30.42% and 16.80% respectively.
Tata Motors has resumed operations across all its manufacturing plants in the country with Jamshedpur facility also getting approval on May 27, 2020. Around 59 percent of company’s passenger vehicle showrooms, covering 69 percent of the retail market, have commenced operations. From supply side, 90 percent of suppliers in commercial vehicle segment have received permissions to commence. Of the lot, only 60 percent have been able to start supplies.
To further shore up the liquidity, the company has issued commercial papers of Rs 3,500 crore and also raised Rs 1,000 crore through non-convertible debentures (NCDs).
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.
