Tata Motors rises on securing orders worth Rs 900 crore from various state

Tata Motors is currently trading at Rs 594.65, up by 5.30 points or 0.90% from its previous closing of Rs 589.35 on the BSE.

The scrip opened at Rs 590.00 and has touched a high and low of Rs 598.60 and Rs 584.50 respectively. So far 491564 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.60 on 07-Sep-2016 and a 52 week low of Rs 266.00 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs 598.60 and Rs 529.00 respectively. The current market cap of the company is Rs 171990.72 crore.

The promoters holding in the company stood at 33.01%, while Institutions and Non-Institutions held 41.81% and 8.33% respectively.

Tata Motors has secured orders worth Rs 900 crore for over 5,000 buses from various state and city transport undertakings in the first five months of FY17. This showed 80% jump in the company's order book compared to last year. Most of these orders will be executed during the current financial year.

Bulk of these contracts has come from states like Uttar Pradesh, Andhra Pradesh, Uttarakhand and Himachal Pradesh. Tata Motors has also developed Electric Hybrid buses to meet the future transport needs for 'Envisaged Smart Cities', both of which will soon be seen on Indian roads.

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.