Tata Motors hits 52-week high; here’s why

On Monday, Tata Motors shares surged 3.46% to trade at its 52-week high of Rs 839.50, from its previous closing of Rs. 811.45 on the BSE.

Delivering electric buses to Jammu Smart City

Tata Motors has delivered state-of-the-art Ultra EV air-conditioned electric buses to Jammu Smart City through TML Smart City Mobility Solutions (J&K), a Tata Motors Group company. The initiative led by the Housing and Urban Development Department of the Government of Jammu & Kashmir (J&K), is aimed at establishing an environmentally sustainable public transportation system in Jammu.

These emission-free Tata Motors electric buses are manufactured in India using cutting-edge technology, feature advanced amenities and are powered by state-of-the-art electric power systems. Its design focuses on safety, comfort and convenience, offering Jammu residents reliable and zero-emission intra-city commuting solutions. The delivery of the electric buses is part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12 years for Jammu and Srinagar Smart City projects.

Company profile

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.

Stock price movement

Today, the stock opened at Rs 813.75 and has touched a high and low of Rs 839.50 and Rs 811, respectively. So far 1,31,482 shares have been traded on the counter. The BSE group ‘A’ stock of face value of Rs 2 has a 52-week high and low of Rs 839.50 and Rs 400.40, respectively. Last one week high and low of the scrip stood at Rs 839.50 and Rs 789.00 respectively. The current market cap of the company is Rs 2,78,570.89 crore. The promoters’ holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.

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