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Tata Motors surges on bagging orders for 2,500 commercial passenger vehicles

12 Mar 2019 Evaluate

Tata Motors is currently trading at Rs. 185.15, up by 3.00 points or 1.65% from its previous closing of Rs. 182.15 on the BSE.

The scrip opened at Rs. 184.00 and has touched a high and low of Rs. 186.00 and Rs. 183.80 respectively. So far 491408 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 372.40 on 05-Apr-2018 and a 52 week low of Rs. 141.90 on 08-Feb-2019.

Last one week high and low of the scrip stood at Rs. 198.30 and Rs. 180.50 respectively. The current market cap of the company is Rs. 53560.32 crore.

The promoters holding in the company stood at 37.27%, while Institutions and Non-Institutions held 36.46% and 14.73% respectively.

Tata Motors has bagged orders for over 2,500 commercial passenger transportation vehicles from various institutional customers and the company is in the process of delivering these units.

The company has bagged order for 1,045 buses from Gujarat State Roadways Transport Corporation (GSRTC) and 1,000 Winger ambulances from National Health Mission (NRHM), Uttar Pradesh, Gujarat, Himachal and Haryana. The company has bagged 65% of the orders for fully built buses to provide passenger comfort and convenience and offers Annual Maintenance Contracts on 400 of these buses for maintenance of ITS systems as value added services to customers.

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.

Tata MotorsPassenger Share Price

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