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Tata Motors gains on planning to add another 100 sales outlets for passenger vehicles by end of FY20

Tata Motors is currently trading at Rs. 161.10, up by 0.55 points or 0.34% from its previous closing of Rs. 160.55 on the BSE.

The scrip opened at Rs. 162.20 and has touched a high and low of Rs. 163.25 and Rs. 160.85 respectively. So far 269504 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 239.30 on 18-Apr-2019 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. 172.20 and Rs. 157.45 respectively. The current market cap of the company is Rs. 46356.38 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 34.62% and 15.89% respectively.

Tata Motors is planning to add another 100 sales outlets for passenger vehicles by the end of the current fiscal (FY20) as it aims to enhance its reach in the country. The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now. However, the company is also in the process of closing various dealerships which have been underperforming.

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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