Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs 274.35, up by 2.40 points or 0.88% from its previous closing of Rs 271.95 on the BSE.

The scrip opened at Rs 273.55 and has touched a high and low of Rs 275.00 and Rs 272.75 respectively. So far 142192 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 297.25 on 16-Mar-2012 and a 52 week low of Rs 137.65 on 13-Sep-2011.

Last one week high and low of the scrip stood at Rs 275.30 and Rs 266.10 respectively. The current market cap of the company is Rs 73770.22 crore.

The promoters holding in the company stood at 35.04% while Institutions and Non-Institutions held 38.91% and 8.95% respectively.

Tata Motors, country’s largest vehicle maker has raised prices of its commercial vehicles (CV) by Rs 5,000-60,000, with effect from March 17, 2012, due to 2% increase in the excise duties in this year's Budget. The company is likely to increase the price by 2-5% across its CV range.

As the dealers are having old stocks, the new prices are likely to be charged to customers in four-six weeks. The company’s near-term sales are expected to be affected by the higher prices, but as was seen with the successive increases last year, vehicle sales may not come down in the year.

The company is aiming 18-19% rise in CV sales in 2011-12. The company had also increased prices of its passenger vehicles range by up to Rs 35,000 last week.