Tata Motors rises on launching all-new utility vehicle ‘Movus’

Tata Motors is currently trading at Rs 421.50, up by 5.00 points or 1.20% from its previous closing of Rs. 416.50 on the BSE. The scrip opened at Rs 417.55 and has touched a high and low of Rs 422.05 and Rs 417.55 respectively. So far 29667 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 421.65 and Rs 409.00 respectively. The current market cap of the company is Rs 115133.52 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, the country’s largest auto major, has launched the all-new utility vehicle ‘Movus’ in the country, with price starting at Rs 6.99 lakh (ex-showroom, Delhi). Powered by 2.2 Litre Varicor engine, the vehicle is engineered to deliver optimal performance in both city and highway conditions. As an entry-level UV, the vehicle comes at a price point which will provide customers with best-in-class ride quality, making it a perfect partner for every journey. The vehicle would be available across dealerships in metros and select cities. 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.