21 Sep 2024

Tata Motors Boosts Market Confidence with ESAF Small Finance Bank Partnership

Tata Motors' shares are currently trading at Rs. 969.60, marking an increase of 2.30 points or 0.24% from its previous close of Rs. 967.30 on the BSE.

The stock opened at Rs. 969.95, reaching a high of Rs. 977.50 and a low of Rs. 950.05. A total of 1,184,096 shares have been traded so far.

The 'A' group stock, with a face value of Rs. 2, hit a 52-week high of Rs. 1179.05 on July 30, 2024, and a 52-week low of Rs. 608.45 on October 4, 2023. Over the last week, it has ranged between Rs. 999.80 and Rs. 950.05. Tata Motors’ current market capitalization stands at Rs. 3,58,131.62 crore.

The company’s promoter shareholding is at 46.36%, while institutional investors hold 34.25%, and non-institutional investors account for 19.39%.

Tata Motors has entered into a Memorandum of Understanding (MoU) with ESAF Small Finance Bank to provide competitive financing solutions for its commercial vehicle buyers. Initially focusing on Small and Light Commercial Vehicles (SCVs and LCVs), this collaboration will later extend to cover Tata Motors' entire commercial vehicle range.

Tata Motors offers a comprehensive lineup, from sub 1-tonne to 55-tonne cargo vehicles and mass mobility solutions seating 10 to 51 passengers. The company’s widespread network of over 2,500 service touchpoints ensures top-notch service and easy access to Tata Genuine Parts.

As India’s largest automobile company, Tata Motors operates globally through its subsidiaries, including prominent ventures like Jaguar Land Rover, which manages two renowned British car brands.