Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs. 100.85, up by 4.45 points or 4.62% from its previous closing of Rs. 96.40 on the BSE.

The scrip opened at Rs. 96.40 and has touched a high and low of Rs. 103.80 and Rs. 95.60 respectively. So far 4517223 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 104.85 and Rs. 92.00 respectively. The current market cap of the company is Rs. 29963.03 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 30.42% and 16.80% respectively.

Moody's Investors Service has downgraded Tata Motors rating as the company faces tough market conditions amid the coronavirus pandemic. It has downgraded company’s corporate family rating (CFR) and senior unsecured instruments rating to B1 from Ba3. The outlook on all ratings has been changed to negative from ratings under review.

The downgrade reflects the sustained deterioration in company’s credit profile. The company's credit profile was already under pressure due to lower auto sales and falling demand in key markets even prior to the coronavirus outbreak.

Tata Motors is India’s largest commercial vehicle manufacturer.