Tata Motors rises on bagging order for 1,350 bus chassis from UP State Road Transport Corporation
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Tata Motors is currently trading at Rs. 728.60, up by 8.95 points or 1.24% from its previous closing of Rs. 719.65 on the BSE.
The scrip opened at Rs. 727.35 and has touched a high and low of Rs. 729.95 and Rs. 725.10 respectively. So far 151474 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 734.85 on 18-Dec-2023 and a 52 week low of Rs. 381.00 on 06-Jan-2023.
Last one week high and low of the scrip stood at Rs. 731.00 and Rs. 695.90 respectively. The current market cap of the company is Rs. 239128.69 crore.
The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 35.92% and 17.70% respectively.
Tata Motors has bagged an order to supply 1,350 units of diesel bus chassis from the Uttar Pradesh (UP) State Road Transport Corporation. The order is for the company’s Tata LPO 1618 diesel bus chassis that has been developed for intercity and long-distance travel. This order was won by Tata Motors following a competitive e-bidding process conducted via the government tendering process and the bus chassis will be supplied in a phased manner.
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.
