Tata Motor trades higher on the bourses :-Nov 27 2013,

Tata Motor is currently trading at Rs. 396.25, up by 6.00 points or 1.54% from its previous closing of Rs. 390.25 on the BSE. The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 397.65 and Rs. 392.00 respectively. So far 1, 62,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.70 on 06-Nov-2013 and a 52 week low of Rs. 252.10 on 05-Apr-2013. Last one week high and low of the scrip stood at Rs. 392.45 and Rs. 371.15 respectively. The current market cap of the company is Rs. 1, 06,712 crore. The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 38.42% and 7.51% respectively. Tata Motors, the country’s leading auto major is reportedly planning to take cost cutting measures as the company grapples with mounting losses in its domestic operations due to sluggish economy. The company has temporary freeze large hirings and also the number of suppliers would be reduced. The company is also planning to cutback on investment in subsidiaries. However, the company has allocated Rs 3,000 crore towards product developments this fiscal, and it will stick to the plan. Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.  ABHISHEK KUMAR  PGDM 1ST YR