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Tata Motors gains on unveiling new hatchback ‘Bolt’

23 Jan 2015 Evaluate

Tata Motors is currently trading at Rs. 584.20, up by 17.90 points or 3.16% from its previous closing of Rs. 566.30 on the BSE.

The scrip opened at Rs. 573.65 and has touched a high and low of Rs. 586.45 and Rs. 573.50 respectively. So far 1,08,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 586.45 on 23-Jan-2015 and a 52 week low of Rs. 331.05 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 586.45 and Rs. 523.30 respectively. The current market cap of the company is Rs. 1,57,604.00 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 37.10% and 7.31% respectively.

Tata Motors has unveiled its new hatchback ‘Bolt’ at a starting price of Rs 4.44 lakh for the petrol version & Rs 5.49 lakh for the diesel version (ex-showroom Delhi). While the petrol versions of the Bolt will range from Rs 4.44 lakh to Rs 6.05 lakh, the diesel variant prices will range from Rs 5.49 lakh to Rs 6.99 lakh (ex-showroom Delhi).

Bolt is the second model from Tata Motors’ Horizonnext umbrella. The hatchback will be available in both petrol and diesel variants. The petrol variant, which is powered by a 1.2 litre turbocharged multi-point fuel injection (MPFi) engine Revotron, will churn out maximum power of 90 PS and have a week peak torque of 140 Nm.

Tata Motors is 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.

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