Tata Motors gains on inking MoU with J&K Bank
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Tata Motors is currently trading at Rs. 307.45, up by 1.15 points or 0.38% from its previous closing of Rs. 306.30 on the BSE.
The scrip opened at Rs. 306.80 and has touched a high and low of Rs. 307.80 and Rs. 302.00 respectively. So far 661579 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 360.65 on 15-Jun-2021 and a 52 week low of Rs. 100.65 on 16-Jul-2020.
Last one week high and low of the scrip stood at Rs. 358.10 and Rs. 305.00 respectively. The current market cap of the company is Rs. 101701.03 crore.
The promoters holding in the company stood at 46.41 % while Institutions and Non-Institutions held 25.69 % and 17.10 % respectively.
Tata Motors has inked a two-year memorandum of understanding (MoU) with Jammu & Kashmir Bank, the largest commercial vehicle financier in the union territory of Jammu and Kashmir, in a collaborative effort to offer financing options to its customers.
This partnership, with J&K Bank, will go a great distance in easing the vehicle financing process for company’s customers. It will also add impetus to the development of the union territory with Tata Motors' wide range of products in the cargo, passenger, and construction segments. The company will leverage J&K Bank's rich experience and reach, ensuring seamless availability of financing with its combined efforts.
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.
