Tata Motors rides high on inking MoU with ESAF Small Finance Bank
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Tata Motors is currently trading at Rs. 969.60, up by 2.30 points or 0.24% from its previous closing of Rs. 967.30 on the BSE.
The scrip opened at Rs. 969.95 and has touched a high and low of Rs. 977.50 and Rs. 950.05 respectively. So far 1184096 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 608.45 on 04-Oct-2023.
Last one week high and low of the scrip stood at Rs. 999.80 and Rs. 950.05 respectively. The current market cap of the company is Rs. 358131.62 crore.
The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 34.25% and 19.39% respectively.
Tata Motors has signed a Memorandum of Understanding (MoU) with ESAF Small Finance Bank, to offer attractive financing solutions to its commercial vehicle customers. Initially focused on Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs), the partnership will expand to include financing for Tata Motors’ entire commercial vehicle portfolio.
Tata Motors offers extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses segments to address the evolving needs of logistics and mass mobility segments. The company ensures unparalleled quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.
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.
