Tata Motors
and Volkswagen’s group firm Skoda Auto has ceased discussion on a
potential collaboration, but have decided to keep in touch for future
areas of collaborations.
Tata Motors and Skoda Auto performed a joint technical feasibility and commercial evaluation of a potential collaboration.
Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed.
In March this year, the two companies signed a memorandum of understanding at the Geneva Motorshow to explore various options, including a partnership for the development of Tata’s new advanced modular platform (AMP), a joint venture or a contract manufacturing agreement, in a bid to achieve economies of scale that would have helped to cut costs.
Stock View:
Tata Motors Ltd is currently trading at Rs 362.25, down by Rs 18.65 or 4.9% from its previous closing of Rs 380.9 on the BSE.
The scrip opened at Rs 377.9 and has touched a high and low of Rs 379.95 and Rs 357.95 respectively. So far 2000952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 121161.07 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 376 on 10-Aug-2017. Last one week high and low of the scrip stood at Rs 440 and Rs 376 respectively.
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.59 % and 25.68 % respectively.
The stock is currently trading below its 200 DMA..
Tata Motors and Skoda Auto performed a joint technical feasibility and commercial evaluation of a potential collaboration.
Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed.
In March this year, the two companies signed a memorandum of understanding at the Geneva Motorshow to explore various options, including a partnership for the development of Tata’s new advanced modular platform (AMP), a joint venture or a contract manufacturing agreement, in a bid to achieve economies of scale that would have helped to cut costs.
Stock View:
Tata Motors Ltd is currently trading at Rs 362.25, down by Rs 18.65 or 4.9% from its previous closing of Rs 380.9 on the BSE.
The scrip opened at Rs 377.9 and has touched a high and low of Rs 379.95 and Rs 357.95 respectively. So far 2000952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 121161.07 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 376 on 10-Aug-2017. Last one week high and low of the scrip stood at Rs 440 and Rs 376 respectively.
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.59 % and 25.68 % respectively.
The stock is currently trading below its 200 DMA..
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