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Tata Motors falls as it plans to increase prices of passenger vehicles from April 2019

Tata Motors falls as it plans to increase prices of passenger vehicles from April 2019

Mumbai : Tata Motors is currently trading at Rs. 172.40, down by 3.00 points or 1.71% from its previous closing of Rs. 175.40 on the BSE. The scrip opened at Rs. 174.40 and has touched a high and low of Rs. 174.40 and Rs. 171.70 respectively. So far 734332 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 372.40 on 05-Apr-2018 and a 52 week low of Rs. 141.90 on 08-Feb-2019. Last one week high and low of the scrip stood at Rs. 184.65 and Rs. 171.70 respectively. The current market cap of the company is Rs. 50124.37 crore.

The promoters holding in the company stood at 37.27%, while Institutions and Non-Institutions held 36.46% and 14.73% respectively. Tata Motors is going to increase prices of its passenger vehicles range by up to Rs 25,000, starting April 2019. This hike in price is due to rising input costs and external economic conditions.

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.

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