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20-09-2023 11:39 AM | Source: Accord Fintech
Tata Motors moves up on planning to increase prices of commercial vehicles

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Tata Motors is currently trading at Rs. 643.95, up by 3.35 points or 0.52% from its previous closing of Rs. 640.60 on the BSE.

The scrip opened at Rs. 640.25 and has touched a high and low of Rs. 647.00 and Rs. 637.05 respectively. So far 231379 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. 619.20 respectively. The current market cap of the company is Rs. 213957.21 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 planned to increase prices of its commercial vehicles, effective October 1, 2023, up to 3%. The price increase is to offset the residual impact of the past input costs and will be applicable across the entire range of commercial 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