Monday, October 26, 2020

Tata Motors shines on bagging order of 6413 vehicles from Andhra Pradesh State Civil Supplies Corporation

Tata Motors is currently trading at Rs. 140.15, up by 3.15 points or 2.30% from its previous closing of Rs. 137.00 on the BSE.

The scrip opened at Rs. 139.40 and has touched a high and low of Rs. 140.25 and Rs. 137.60 respectively. So far 726579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.



Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 126.40 respectively. The current market cap of the company is Rs. 42318.92 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors has bagged the prestigious order of 6413 vehicles from Andhra Pradesh State Civil Supplies Corporation. Tata Motors emerged as the top bidder, as per the terms and conditions of the government body, and will be delivering the fully-built Tata Ace Gold vehicles. The vehicles are to be used as mobile dispensing units for the doorstep delivery of supplies in the state of Andhra Pradesh, and will be customised by Tata Motors to perfectly suit the application. The Tata Ace Gold was chosen for its value-for-money, low cost of operations, durability and versatility. The e-bidding process was carried out through the Government e-Marketplace.

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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