Previous close | 978.80 |
Open | 983.40 |
Bid | 0.00 x 0 |
Ask | 995.00 x 0 |
Day's range | 979.00 - 999.50 |
52-week range | 410.05 - 1,065.60 |
Volume | |
Avg. volume | 734,039 |
Market cap | 3.634T |
Beta (5Y monthly) | 1.84 |
PE ratio (TTM) | 19.59 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.00 (0.20%) |
Ex-dividend date | 28 Jul 2023 |
1y target est | N/A |
BENGALURU (Reuters) -Shares of Tata Motors, India's most valuable carmaker, hit a record high on Tuesday, a day after the company said it will split into two listed firms, separating its commercial vehicle business from its passenger vehicle arm. The stock, currently up 4.6%, is leading gains on the Nifty Auto index, which is up 1.4%. The stock rose as much 7.9% to hit its all-time high of 1,065.6 rupees.
The Indian owner of Jaguar Land Rover (JLR) is to spin off its car division as it prepares for a future built around electric vehicles (EVs).
As well as pushing to cut carbon emissions, automakers have been seeking ways to make production costs more predictable. JLR said its new off-grid energy projects aimed to produce almost 120 MW of renewable energy at their peak, enough to power nearly 44,500 homes. JLR said its existing energy efficiency projects cut emissions by 26% in 2023 compared to 2020.