Trending stocks: Tata Motors share price gains nearly 2%

NEW DELHI: Shares of Tata Motors Ltd. traded 1.7 per cent up in Friday 's trade at 10:10AM (IST). Around 485259 shares changed hands on the counter.

The counter opened at Rs 84.7 and touched an intraday high and low of Rs 84.85 and Rs 83.7 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 201.8 and a 52-week low of Rs 63.6 .

Market cap of the company stood at Rs 25901.05 crore on May 08


The auto major it has decided to withdraw the issue for private placement of unsecured non-convertible debentures (NCDs) which it had announced last month.

Key Financials
The company reported consolidated sales of Rs 71051.42 crore for the quarter ended 31-Dec-2019 , up 9.71 per cent from previous quarter's Rs 64763.39 crore and up -6.84 per cent from the year-ago quarter's Rs 76264.69 crore.

Shareholding pattern
As of 31-Mar-2020 , DIIs held 14.01 per cent stake in the firm , while foreign institutional investors held 16.84 per cent and the promoters 42.39 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -24.46 and a price-to-book ratio of 0.47 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Motors Ltd. belongs to the Auto - Cars/UV/CV industry.