Tata Motors gains on delivering hydrogen fuel cell powered buses to Indian Oil Corporation
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Tata Motors is currently trading at Rs. 621.90, up by 3.30 points or 0.53% from its previous closing of Rs. 618.60 on the BSE.
The scrip opened at Rs. 619.95 and has touched a high and low of Rs. 625.65 and Rs. 618.00 respectively. So far 389071 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-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. 647.00 and Rs. 617.80 respectively. The current market cap of the company is Rs. 206515.22 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 35.23% and 16.99% respectively.
Tata Motors has delivered first-of-its-kind Hydrogen Fuel Cell powered (FCEV) buses to Indian Oil Corporation (IOCL), the country’s largest petroleum company. In June 2021, Tata Motors had won a tender from IOCL to provide 15 FCEV buses to evaluate the potential of hydrogen-based PEM fuel-cell technology in India. These buses are to be assessed as potential mass transport solution for inter and intra-city commute.
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.
