Tata Motors moves up on looking to introduce new products including CNG, electric models
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Tata Motors is currently trading at Rs. 553.25, up by 6.80 points or 1.24% from its previous closing of Rs. 546.45 on the BSE.
The scrip opened at Rs. 548.60 and has touched a high and low of Rs. 553.50 and Rs. 545.50 respectively. So far 581592 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 554.00 on 06-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 554.00 and Rs. 517.00 respectively. The current market cap of the company is Rs. 183641.54 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 33.17% and 18.86% respectively.
Tata Motors is looking to introduce new products including CNG and electric models, while bolstering its existing range with new interventions. The company expects the passenger vehicle industry growth to moderate to 5-7 per cent in the current financial year as compared with 27 per cent sales growth in the last financial year with dip in pent-up demand.
In FY23, Tata Motors reported its best ever year in terms of dispatches to dealers at 5.4 lakh units. The company's wholesales grew around 45 per cent year on year as compared with FY22.
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.
