Wednesday 3 September 2014

Tata Motors rallies on order win under JNNURM scheme



BSE Code - 500570
Face Value - Rs 2.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 34.33%
                                  (b)Institutions - 44.42%
                                   (c)Non-Institutions - 7.25%
One year High-Low - Rs 531 - Rs 295.50
     Tata Motors, India’s largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world’s fourth largest truck and bus manufacturer.
     Tata Motors has bagged orders for over 2,700 ‘urban’ buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme. These contracts include order from Karnataka State Road Transport Corporation (KSRTC) to supply 487 buses and another for 780 buses from HRTC (Himachal Road Transport Corporation) for Tata Marcopolo built buses.
     With these orders, Tata Motors reinforces its position as a leading partner to state transportation corporations, in providing them with the right product and service solutions, enabling them to create and maintain a sustainable public transportation system.
     Current stock price is Rs 522.65, up by 6.25 points from its previous closing of Rs 516.40 on the BSE.

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