Tata Motors at day's high

The domestic sale of Tata commercial and passenger vehicles for September 2015 were flat at 40,813 nos., over 40,908 vehicles sold in September 2014.

Tata Motors has gained in early morning deals on the BSE.  PSA Peugeot Citroen are in talks with Tata Motors to form a partnership, as per media reports. Sales of Tata Motors passenger and commercial vehicles (including exports) were lower by 2% at 45,215 units, sold in September 2015, over 46,154 vehicles sold in September 2014. The domestic sale of Tata commercial and passenger vehicles for September 2015 were flat at 40,813 nos., over 40,908 vehicles sold in September 2014.

Currently the stock is trading at Rs. 315.9, up by 18.9 points or 6.36% from its previous closing of Rs. 297 on the BSE.

The scrip opened at Rs. 301.9 and has touched a high and low of Rs. 322 and Rs. 301.7 respectively. So far 5584951(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 96850 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.57 on 03-Feb-2015 and a 52 week low of Rs. 279.15 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 305 and Rs. 279.15 respectively.

The promoters holding in the company stood at 34.35 % while Institutions and Non-Institutions held 36.94 % and 7.32 % respectively.

The stock is currently trading above its 200 DMA.