Wednesday 24 February 2016

Tata Motors dips 1.6%; cos Sanand plant workers go on strike

Around 300 workers at its Sanand plant in Gujarat have gone on flash strike to press for reinstatement of around 20 of their colleagues who have been suspended for serious misconduct.



Tata Motors dipped 1.6% to Rs.313.50 on BSE. Around 300 workers at its Sanand plant in Gujarat have gone on flash strike to press for reinstatement of around 20 of their colleagues who have been suspended for serious misconduct.

The scrip opened at Rs. 316 and has touched a high and low of Rs. 316 and Rs. 310.25 respectively. So far 1551066(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 104492.21 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 594.14 on 02-Mar-2015 and a 52 week low of Rs. 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 324.95 and Rs. 298.65 respectively.

The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.04 % and 25.95 % respectively.

The stock is currently trading above its 200 DMA.

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