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Tata Motors surges on securing orders for 2,700 ‘urban’ buses under JNNURM II scheme

03 Sep 2014 Evaluate

Tata Motors is currently trading at Rs. 524.00, up by 7.60 points or 1.47% from its previous closing of Rs. 516.40 on the BSE.

The scrip opened at Rs. 526.00 and has touched a high and low of Rs. 530.50 and Rs. 522.10 respectively. So far 263163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 531.00 on 28-Aug-2014 and a 52 week low of Rs. 295.50 on 03-Sep-2013.

Last one week high and low of the scrip stood at Rs. 531.00 and Rs. 512.00 respectively. The current market cap of the company is Rs. 143321.67 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.16 % and 7.25 % respectively.

Tata Motors has bagged orders for over 2,700 ‘urban’ buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme. These contracts include order from Karnataka State Road Transport Corporation (KSRTC) to supply 487 buses and another for 780 buses from HRTC (Himachal Road Transport Corporation) for Tata Marcopolo built buses.

With these orders, Tata Motors reinforces its position as a leading partner to state transportation corporations, in providing them with the right product and service solutions, enabling them to create and maintain a sustainable public transportation system.

Tata Motors, India’s largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world’s fourth largest truck and bus manufacturer.

Tata MotorsPassenger Share Price

338.10 6.40 (1.93%)
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