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Tata Motors gains on launching TACNet 2.0

Tata Motors is currently trading at Rs. 122.90, up by 1.05 points or 0.86% from its previous closing of Rs. 121.85 on the BSE.

The scrip opened at Rs. 123.50 and has touched a high and low of Rs. 123.85 and Rs. 122.40 respectively. So far 342529 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 257.70 on 21-Sep-2018 and a 52 week low of Rs. 106.00 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 131.00 and Rs. 120.50 respectively. The current market cap of the company is Rs. 35182.34 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.51% and 14.96% respectively.

Tata Motors has launched ‘Tata Motors AutoMobility Collaboration Network 2.0’ (TACNet 2.0), a platform that will help develop a centre of AutoMobility innovation through partnerships for new technologies and/or business models. It will also allow Tata Motors to engage with start-ups and technology companies to easily connect with them, spark innovative solutions in the automotive technologies and mobility ecosystem and explore synergies.

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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