Tata Motors is currently trading at Rs. 429.60, up by 0.90 points or 0.21% from its previous closing of Rs. 428.70 on the BSE.
The scrip opened at Rs. 428.00 and has touched a high and low of Rs. 431.30 and Rs. 425.70 respectively. So far 154402 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 443.40 and Rs. 425.70 respectively. The current market cap of the company is Rs. 142815.48 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.68% respectively.
Tata Motors is planning to increase passenger vehicle prices from next month in order to make its model range compliant with stricter emission norms which kick in from April 1 next year.
The price revision would also offset the impact of commodity prices, which have remained high for the most part of the year.
From April 1, 2023, vehicles will need to have an on-board self-diagnostic device to monitor the real-time driving emission levels.
The device will constantly monitor key parts for meeting emission standards such as the catalytic converter and oxygen sensors, to keep a close watch on emissions.
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.