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Tata Motors gains as its arm plans to launch 10 new products

10 Apr 2017 Evaluate

Tata Motors is currently trading at Rs. 471.00, up by 3.00 points or 0.64% from its previous closing of Rs. 468.00 on the BSE.

The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 472.00 and Rs. 468.00 respectively. So far 60148 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 371.30 on 08-Apr-2016.

Last one week high and low of the scrip stood at Rs. 480.00 and Rs. 466.55 respectively. The current market cap of the company is Rs. 135820.87 crore.

The promoters holding in the company stood at 34.73%, while institutions and non-institutions held 39.04% and 26.24% respectively.

Tata Motors’ subsidiary -- Jaguar Land Rover (JLR) is reportedly planning to launch 10 new products in India in this fiscal year. The offerings will have a mix of new products, new variants and refreshed models. Further, the three new models including Velar, Discovery and Land Rover open top will be launched this year.

Earlier, the company had reported record retail sales of 604,009 vehicles (including sales from our China joint venture) in the financial year ended 31 March 2017, up 16% compared to a year ago, exceeding 600,000 for the first time in the company’s history. Retail sales for the Fourth Quarter (ended 31 March 2017) were 179,509 vehicles, up 13% on the same quarter a year ago, and March sales reached 90,838 units, up 21% on March 2016.

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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