Tata Motors rises as its arm inks pact with TiHAN IIT Hyderabad
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Tata Motors is currently trading at Rs. 509.75, up by 6.20 points or 1.23% from its previous closing of Rs. 503.55 on the BSE.
The scrip opened at Rs. 508.00 and has touched a high and low of Rs. 513.00 and Rs. 507.00 respectively. So far 39469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 513.00 on 10-May-2023 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. 513.00 and Rs. 476.25 respectively. The current market cap of the company is Rs. 167250.31 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’ subsidiary--- Tata Technologies has entered into a partnership with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS). As part of the partnership, engineers at Tata Technologies will be upskilled at TiHAN in new technology areas. Both the companies are aiming to drive the future of automotive tech and develop a more sustainable and technologically advanced 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.
