Tata Motors is currently trading at Rs 317.70, up by 1.05 points or 0.33% from its previous closing of Rs 316.65 on the BSE.
The scrip opened at Rs 318.00 and has touched a high and low of Rs 320.00 and Rs. 312.30 respectively. So far 340334 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 337.05 on 10-Jan-2013 and a 52 week low of Rs. 225.15 on 06-Sep-2012.
Last one week high and low of the scrip stood at Rs 324.00 and Rs 292.15 respectively. The current market cap of the company is Rs 86780.94 crore.
The promoters holding in the company stood at 34.35% while Institutions and Non-Institutions held 37.98% and 8.43% respectively.
Tata Motors, the country largest auto maker by revenues, is reportedly re-aligning its sourcing strategy as part of a major organization revamp. It is likely to undertake one part one vendor strategy, which will help it to cut cost and bring in synergies through economies of scale by sourcing from one vendor instead of 5-8. According o the new sourcing strategy, the automaker is planning to consolidate all platforms into a single sourcing group. This group will have 8 or 9 sub verticals such as electricals, body frame, engine and transmission, suspension and brakes, interiors, among others.
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.
Company Name | CMP |
---|---|
Tata Motors | 999.35 |
Ashok Leyland | 185.10 |
Force Motors | 9584.60 |
Olectra Greentech | 1746.05 |
Tata Motors - DVR | 673.90 |
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