Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs. 305.50, up by 4.10 points or 1.36% from its previous closing of Rs. 301.40 on the BSE.

The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 308.05 and Rs. 304.70 respectively. So far 2, 45,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.05 on 10-Jan-2013 and a 52 week low of Rs. 202.95 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 311.00 and Rs. 290.00 respectively. The current market cap of the company is Rs. 82,730 crore.

The promoters holding in the company stood at 34.72% while Institutions and Non-Institutions held 40.51% and 8.10% respectively.

Tata Motors, country’s largest automobile company has introduced a car buy-back plan, in order to revive declining sales. As per the plan, the company is offering to buy back its Manza sedan after three years at 60% of the purchase price. This offer is limited for next two months.

Recently, the automaker has reduced prices of its passenger cars, which includes Indica and Manza by up to Rs 50,000 in order to avoid falling sales in recent months. However, it increased the prices of its sports utility vehicle range, comprising Sumo, Safari and Aria, by up to Rs 35,000 following the excise duty hike in the Budget.

The entity’s total sales including exports of Tata commercial and passenger vehicles in February 2013 were 61,998 vehicles. The company’s domestic sales of Tata commercial and passenger vehicles for February 2013 were 58,002 units. The cumulative sales including exports for the company for the fiscal were 736,454 units.