Ratings has affirmed India-headquartered Tata Motor Limited's (TML) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB'.
Tata Motors Ltd was lower by 3% at Rs. 396. Fitch Ratings has affirmed India-headquartered Tata Motor Limited's (TML) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable.
The rating reflects TML's small size in relation to global auto majors and its profitable wholly owned subsidiary, Jaguar Land Rover (JLR, BB-/Positive), which accounted for 75% of TML's consolidated revenue and 90% of EBITDA in the financial year ended 31 March 2015 (FY15).
The scrip opened at Rs. 406.75 and has touched a high and low of Rs. 406.75 and Rs. 394.8 respectively. So far 1995924(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 133492.92 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 530.95 on 11-May-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. 425 and Rs. 395 respectively.
The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.3 % and 25.69 % respectively.
The stock is currently trading above its 50 DMA.
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