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Tata Motors gains on securing order to supply over 2,300 buses

Tata Motors is currently trading at Rs. 162.55, up by 1.55 points or 0.96% from its previous closing of Rs. 161.00 on the BSE.

The scrip opened at Rs. 162.70 and has touched a high and low of Rs. 162.95 and Rs. 161.80 respectively. So far 169946 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. 169.25 and Rs. 158.95 respectively. The current market cap of the company is Rs. 46486.31 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 has bagged a huge order of over 2,300 buses from various State Transport Undertakings (STUs), namely Rajasthan (RSRTC), Karnataka (KSRTC/ BMTC/ NWKRTC), Uttar Pradesh (UPSRTC), Tamil Nadu (IRT), and Andhra Pradesh (APSRTC). The company is working towards completing this order by February 2020.

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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