Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
335.80
4.00 (1.21%)
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Tata Motors strengthens on tying-up with Bharat Forge, General Dynamics

Date: 08-03-2016

Tata Motors is currently trading at Rs. 351.00, up by 7.45 points or 2.17% from its previous closing of Rs. 343.55 on the BSE.

The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 353.90 and Rs. 344.55 respectively. So far 2,94,597 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 573.15 on 06-Apr-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. 353.90 and Rs. 290.45 respectively. The current market cap of the company is Rs. 1,00,939.00 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, has entered into an agreement with Bharat Forge and US-based General Dynamics Land Systems for the Indian Ministry of Defence (MoD’s) future infantry combat vehicle (FICV) programme. The three partners will bring on the table their respective strengths to make a strong bid for this project. Tata Motors will lead the consortium with Bharat Forge as a partner while General Dynamics Land Systems (GDLS) will bring in its much-proven expertise in-combat vehicle platforms.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.