Tata Motors is currently trading at Rs. 163.60, down by 4.25 points or 2.53% from its previous closing of Rs. 167.85 on the BSE.
The scrip opened at Rs. 167.00 and has touched a high and low of Rs. 167.25 and Rs. 162.80 respectively. So far 229325 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 282.00 on 10-Sep-2018 and a 52 week low of Rs. 141.90 on 08-Feb-2019.
Last one week high and low of the scrip stood at Rs. 169.35 and Rs. 156.80 respectively. The current market cap of the company is Rs. 47525.76 crore.
The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.41% and 15.01% respectively.
Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market in June 2019 witnessed a drop of 14% at 49,073 units, as against 56,773 units sold in June 2018, as subdued demand continued in June 2019.
Tata Motors Commercial Vehicles (CV) Business sales in the domestic market in June 2019, at 35,722 units registered a drop of 7% compared to 38,560 units sold last June as the market continues to exhibit subdued demand sentiment as customers are postponing purchases given the poor freight availability, the falling freight rates affecting their viability. The slowing down of the economy is hurting overall customer sentiments and causing an impact on demand for fresh vehicles.
The M& HCV sales in the domestic market in June 2019 declined by 19%, at 9,358 units. The demand for M& HCV cargo vehicles continues to be low with the excess carrying capacity created with the higher axle load regulation last year.
The I& LCV truck sales in June 2019 recorded a marginal growth by 3% at 4,564 as this segment has not been affected by the revised axle load norms and the demand has been led by the growth in e-commerce and intra city logistics. Besides, The Company’s sales from exports (from CV and PV) in June 2019 was at 2,702 units, lower by 48% over June 2018, due to drop in retails in Bangladesh, Nepal & Middle East markets.
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.
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