Tata Motor trades higher on the BSE
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Tata Motors is currently trading at Rs. 419.30, up by 5.20 points or 1.26% from its previous closing of Rs. 414.10 on the BSE.
The scrip opened at Rs. 419.50 and has touched a high and low of Rs. 421.30 and Rs. 417.30 respectively. So far 152613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 427.30 and Rs. 408.00 respectively. The current market cap of the company is Rs. 138979.39 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.68% respectively.
Tata Motors has received in-principle approval to explore the possibility of partial divestment of the Company's investment in Tata Technologies (TTL), a subsidiary of the Company, through an IPO route at an opportune time, subject to market conditions, applicable approvals, regulatory clearances (including observations from the Securities and Exchange Board of India) and certain other considerations. The Company will make further announcements of all material developments relating to IPO, as and when required, as per SEBI LODR Regulations and other applicable laws. The IPO Committee (duly constituted by the Board of Directors of Tata Motors), at its meeting held on December 12, 2022 accorded its in-principle approval for the same.
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.
