Tata Motors rises on eyeing capex to increase up to Rs 6,000 crore in FY23
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Tata Motors is currently trading at Rs. 407.15, up by 35.05 points or 9.42% from its previous closing of Rs. 372.10 on the BSE.
The scrip opened at Rs. 386.30 and has touched a high and low of Rs. 408.65 and Rs. 386.30 respectively. So far 1182801 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 268.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 420.20 and Rs. 366.05 respectively. The current market cap of the company is Rs. 135258.43 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.97% and 19.47% respectively.
Tata Motors is eyeing its capex to increase to up to Rs 6,000 crore in the ongoing fiscal to support various programmes across its commercial, passenger and electric vehicles verticals. While the company has committed investments for its businesses to get well funded and the transition to the electrification roadmap, it has identified inflation and semiconductors shortage as the two big worries, while also being cautious about rising interest rates and continued inflation having an impact on demand going forward.
The investments will be spread across the company's different verticals of commercial vehicles, passenger vehicles and electric vehicles.
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.
