Trending stocks: Tata Motors share price plunges over 10%

NEW DELHI: Shares of Tata Motors traded 10.18 per cent down in Monday 's trade at 10:08AM (IST). Around 171239 shares changed hands on the counter.

The counter opened at Rs 37.25 and touched an intraday high and low of Rs 37.4 and Rs 35.6 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 213.65 and a 52-week low of Rs 63.5 .

The company said a well-defined and financial incentives-based scrappage policy can help create demand in the commercial vehicles (CV) segment which has come come to a grinding halt.


Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 28758.35 Crore) operating in Auto sector.

The company reported consolidated net 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.


As of 31-Mar-2020 , domestic institutional investors held 6.1448307 per cent stake in the company , while foreign institutional investors held 16.83676 per cent and the promoters 42.39437 per cent.



According to BSE data, the stock traded at a price-to-earnings multiple of -24.44 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.