Tata Motors gains as Land Rover enters into global partnership with Virgin Galactic

Tata Motors is currently trading at Rs. 415.70, up by 3.35 points or 0.81% from its previous closing of Rs. 412.35 on the BSE. The scrip opened at Rs. 412.65 and has touched a high and low of Rs. 418.80 and Rs. 410.15 respectively. So far 1,05,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 437.70 on 11-Apr-2014 and a 52 week low of Rs. 263.10 on 27-Jun-2013. Last one week high and low of the scrip stood at Rs. 437.70 and Rs. 409.70 respectively. The current market cap of the company is Rs. 1,12,006.00 crore. The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 36.89% and 7.53% respectively. Tata Motors’ subsidiary - Land Rover, the British brand synonymous with adventure, has revealed a long-term global partnership with Richard Branson’s pioneering commercial spaceline, Virgin Galactic. The ground breaking partnership was announced against the backdrop of SpaceShipTwo, the world’s first commercial passenger carrying spacecraft, together with Land Rover’s new Discovery Vision Concept vehicle. The partnership will see Land Rover vehicles become part of daily life for the Virgin Galactic team and for all ‘future astronauts’, the space experience will now begin with Land Rover as they arrive in New Mexico for training, and continue to the moment they drive from the space terminal building to the waiting spaceship. Land Rover will base a fleet of vehicles at the Virgin Galactic test centre in the Mojave Desert, California and at its astounding operational New Mexico base, Spaceport America. Tata Motors is 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.