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Tata Motors strengthens as its arm JLR plans to open facility in Saudi Arabia

04 Mar 2014 Evaluate

Tata Motors is currently trading at Rs. 414.60, up by 3.95 points or 0.96 % from its previous closing of Rs. 410.65 on the BSE.

The scrip opened at Rs. 411.45 and has touched a high and low of Rs. 420.30 and Rs. 406.00 respectively. So far 386953 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 420.30 on 04-Mar-2014 and a 52 week low of Rs. 252.10 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 418.00 and Rs. 393.40 respectively. The current market cap of the company is Rs. 113190.45 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.57 % and 7.60 % respectively.

Tata Motors’ subsidiary Jaguar Land Rover (JLR) is planning to invest around Rs 1,038 crore ($167.4 million) in a new factory in Saudi Arabia. In a bid to meet soaring demand from West Asia. The company is likely to produce 100,000 cars a year from the proposed facility in Saudi Arabia.

The luxury car maker has been in talks with the oil-rich State over the possibility of setting up a manufacturing plant. The company has signed a deal to examine the financial viability of building cars in West Asia.

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.

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