Tata Motors slips 1.2%; hikes passenger vehicle prices

India Infoline News Service | Mumbai | October 19, 2016 13:29 IST

The company has increased prices of its passenger vehicles by up to Rs 12,000 across models to offset rising input costs, as per reports.

Tata Motors Ltd is currently trading at Rs 548.5, down by Rs 5.05 or 0.91% from its previous closing of Rs 553.55 on the BSE. 

The company has increased prices of its passenger vehicles by up to Rs 12,000 across models to offset rising input costs, as per reports.

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors said, "We have hiked prices of our passenger vehicles by one per cent ranging between Rs 5,000 and Rs 12,000 due to rising input costs."

The scrip opened at Rs 551.8 and has touched a high and low of Rs 552.95 and Rs 545.1 respectively. So far 2824198 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 178334.8 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 559.4 and Rs 537.05 respectively.

The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.81 % and 25.18 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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