Wednesday , December 1 2021

Tata Motors jumps on planning to launch Nexon EV in FY20

Tata Motors is currently trading at Rs. 121.60, up by 6.25 points or 5.42% from its previous closing of Rs. 115.35 on the BSE.

The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 122.70 and Rs. 112.00 respectively. So far 2587198 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. 127.20 and Rs. 112.00 respectively. The current market cap of the company is Rs. 35139.03 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 is planning to launch Nexon EV in the fourth quarter of the current fiscal, with price expected to be in the range of Rs 15-17 lakh. The vehicle will be powered by the company’s recently introduced Ziptron Technology.

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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