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Tata Motors rises on the buzz of planning to launch new versions Tiago JPT, Tigor JPT

Tata Motors is currently trading at Rs. 172.50, up by 1.95 points or 1.14% from its previous closing of Rs. 170.55 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 175.70 and Rs. 169.80 respectively. So far 622804 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 466.95 on 06-Nov-2017 and a 52 week low of Rs. 169.80 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 188.80 and Rs. 169.80 respectively. The current market cap of the company is Rs. 49980.01 crore.

The promoters holding in the company stood at 37.27%, while Institutions and Non-Institutions held 36.21% and 13.63% respectively.

Tata Motors is reportedly planning to launch two new versions of the car, namely, Tata Tiago JPT and Tata Tigor JPT, on October 26, 2018. In design, both cars look similar to their previous models Tiago and Tigor. The price of Tiago JPT and Tigor JPT will be Rs 1 lakh more than the present standard version.

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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