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Tata Motors surges on expanding its product portfolio in South Africa

18 Oct 2013 Evaluate

Tata Motors is currently trading at Rs. 378.50, up by 5.10 points or 1.37% from its previous closing of Rs. 373.40 on the BSE.

The scrip opened at Rs. 376.00 and has touched a high and low of Rs. 379.80 and Rs. 374.65 respectively. So far 1, 74,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 393.00 on 14-Oct-2013 and a 52 week low of Rs. 245.35 on 30-Oct-2012.

Last one week high and low of the scrip stood at Rs. 393.00 and Rs. 368.40 respectively. The current market cap of the company is Rs. 1, 01,836 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 38.42% and 7.51% respectively. Tata Motors, the country’s leading auto major has expanded its products portfolio in South Africa. The company has launched the versatile, Tata ARIA, a Crossover for South Africa and unveiled the Tata Prima KL3TXF 6X4 Truck Tractor and the Tata Ultra 812 Truck, at the Johannesburg International Motor Show 2013.

The recently launched new generation bakkie, Tata Xenon XT was also on display along with the Tata Prima Tractor, Tata Prima Box-Tipper, Tata Super ACE in Hall 5 and the Tata Vista D90, the Tata Manza Club Class and the Tata Storme in Hall 7, respectively.

The company also displayed, for the first time at the Johannesburg International Motor Show a wide range of other passenger vehicles, laden with latest technologies delivering better comfort, convenience, performance. These include the latest SUV offering, the Tata Storme, as well as the latest in its current range of hatchbacks and sedans, the Tata Vista D90 and the Tata Manza Club Class. Tata Motors will launch these models in South Africa during the course of 2014.

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