Tata Motors trades high on the bourses

Tata Motors is currently trading at Rs. 345.25, up by 8.90 points or 2.65% from its previous closing of Rs. 336.35 on the BSE.

The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 348.50 and Rs. 338.45 respectively. So far 286350 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 585.73 on 04-Mar-2015 and a 52 week low of Rs. 266.00 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs. 348.50 and Rs. 290.45 respectively. The current market cap of the company is Rs. 100474.69 crore.

The promoters holding in the company stood at 33.01% while Institutions and Non-Institutions held 41.04% and 25.95% respectively.

Tata Motors, the country’s largest automotive player, is reportedly expecting to close the current financial year with a 25% growth in commercial vehicle sales and continuing the run next year as well on account of replacement demand to meet new emission norms and a pick-up in the economy. The company expects to close the hybrid bus order from BMC any time soon, having already signed an agreement with the authorities.

Earlier, the company has reported a year-on-year growth of 15% in the domestic commercial vehicles segment in February 2016. In overall commercial vehicles, while M&HCV sales continued to grow at 14,872 units, higher by 22%, over February 2015, the Light & Small Commercial Vehicle sales witnessed growth at 15,698 units, higher by 10% over February 2015.

Meanwhile, the company has increased prices of its passenger vehicles by up to Rs 35,000 with immediate effect to offset the impact of infrastructure cess proposed in the Budget 2016-17. The increase in the passenger vehicles will be in a range of about Rs 2,000 to Rs 35,000, based on the exact cess amount for the specific category.