Tata Motors surges as its arm JLR launches locally produced ‘Jaguar XJ’

Tata Motors is currently trading at Rs. 435.40, up by 5.00 points or 1.16% from its previous closing of Rs. 430.40 on the BSE. The scrip opened at Rs. 428.80 and has touched a high and low of Rs. 439.90 and Rs. 426.90 respectively. So far 182282 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 464.20 on 16-May-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. 464.20 and Rs. 428.50 respectively. The current market cap of the company is Rs. 120196.44 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’ British-based arm Jaguar and Land Rover (JLR) has launched locally manufactured Jaguar XJ 3.0L in the country, with price starting at Rs 92.1 lakh (ex-showroom Mumbai). The diesel powered luxury saloon, which is being manufactured at the company’ Pune plant, will be available in two variants - premium luxury and portfolio. The vehicle comes with various luxury features including rear seat comfort pack with three massage seat functions, increased rear headroom, electric rear side window blinds and LED reading lights. 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