Published on 23/02/2021 11:49:33 AM | Source: Accord Fintech

Tata Motors catches speed on expecting domestic PV industry to grow in double digits in FY22

Posted in Stock Market| #Tata Motors Ltd. #Stock Market

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Tata Motors is currently trading at Rs. 318.40, up by 14.25 points or 4.69% from its previous closing of Rs. 304.15 on the BSE.

The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 320.80 and Rs. 308.00 respectively. So far 2739689 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 341.85 on 03-Feb-2021 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. 334.25 and Rs. 301.50 respectively. The current market cap of the company is Rs. 97905.03 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 28.33% and 17.81% respectively.

Tata Motors is expecting the domestic passenger vehicles (PV) industry to grow in double digits in 2021-22 on the back of continued robust demand momentum driven by a shift towards personal mobility in the aftermath of the COVID-19 pandemic, coupled with a low base effect. Despite uncertainties over increasing commodity prices and the supply of semiconductors, the company expects its growth in the upcoming fiscal to be better than that of the industry.

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.