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Tata Motors soars on crossing 1.5 lakh unit production for compact SUV Nexon

06 Nov 2020 Evaluate

Tata Motors is currently trading at Rs. 140.80, up by 3.15 points or 2.29% from its previous closing of Rs. 137.65 on the BSE.

The scrip opened at Rs. 137.90 and has touched a high and low of Rs. 142.25 and Rs. 137.75 respectively. So far 1952345 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 142.25 and Rs. 131.10 respectively. The current market cap of the company is Rs. 43508.17 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors has crossed 1.5 lakh unit production milestone for its compact SUV Nexon. The company rolled out 1.5 lakh units of the model from its Ranjangaon facility in Pune.

The Tata Nexon had achieved the first 50,000 unit production milestone in September 2018, followed by the 1 lakh unit mark in September last year. As the first car in India to receive a full five star adult safety rating by Global NCAP, an internationally renowned safety accreditation body in 2018, the Nexon has paved the way for other cars from Tata Motors like Altroz, Tiago and Tigor to establish new benchmarks in car safety in each of their respective segments.

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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