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Tata Motors rises on inaugurating flagship showroom, service facility in Riyadh

09 Jun 2015 Evaluate

Tata Motors is currently trading at Rs. 437.05, up by 1.35 points or 0.31% from its previous closing of Rs. 435.70 on the BSE.

The scrip opened at Rs. 431.80 and has touched a high and low of Rs. 440.25 and Rs. 431.80 respectively. So far 6,18,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.32 on 03-Feb-2015 and a 52 week low of Rs. 422.45 on 17-Jun-2014.

Last one week high and low of the scrip stood at Rs. 469.00 and Rs. 429.20 respectively. The current market cap of the company is Rs. 1,25,631.00 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 37.21% and 7.19% respectively.

Tata Motors, India’s largest automobile company opens its flagship showroom and service facility in Riyadh. Manahil International company, a unit of Mohamed Yousuf Naghi and Brothers Group (MYNG) and the sole authorized distributor of Tata Motors in the kingdom of Saudi Arabia, has opened the state of the art showroom and service facility in Riyadh for their valuable customers. This facility is officially one of the largest facilities in the Gulf Cooperation Council (GCC) and a commitment from Tata Motors and Manahil International in expanding their base in the kingdom.

The facility is strategically located near the Industrial Area (exit-18, eastern expressway), with a vast display area to showcase the entire range of products from Tata Motors and a 40 bay workshop fully equipped with most modern equipment and trained technicians to attend to every need of the customers.

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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