Tata Motors is currently trading at Rs. 391.90, up by 3.05 points or 0.78% from its previous closing of Rs. 388.85 on the BSE.
The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 393.85 and Rs. 390.00 respectively. So far 82227 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. 397.30 and Rs. 379.15 respectively. The current market cap of the company is Rs. 107552.82 crore.
The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 37.57% and 7.60% respectively.
In a bid to develop new products and technologies for its commercial vehicle segment, Tata Motors is planning to invest around Rs 1,500 crore in the next financial year.
As part of its plan to be future-ready with a range of products, the company had launched low-priced truck models under the ‘Prima’ brand earlier this month to tap the high-volume, multi-axle segment in the country.
The new Prima LX is about 20 per cent cheaper than the Prima range of trucks, which was launched by Tata Motors in 2009. The Prima LX range is priced between Rs 18.5 lakh and Rs 32.5 lakh. The company sells Prima range of trucks for between Rs 23 lakh and Rs 65 lakh.
Besides, the company is looking to develop a new range of buses to cater to Jawaharlal Nehru National Urban Renewal Mission (JNNURM) requirements.
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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