Tata Motors gained 0.6 percent to Rs 487.15 on BSE after the company said that a special committee will meet on 15 July 2016 to issue bonds worth Rs 400 crore.
The announcement was made after market hours yesterday, 12 July 2016.
Meanwhile, the BSE Sensex was up 37.53 points, or 0.13 percent, to 27,845.67.
On BSE, so far 28,000 shares were traded in the counter, compared with an average volume of 8.63 lakh shares in the past one quarter. The stock hit a high of Rs 487.85 and a low of Rs 484.80 so far during the day. The stock hit a 52-week high of Rs 489.60 on 23 June 2016.
The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 12 July 2016, rising 5.91 percent compared with 4.40 percent rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.55 percent as against Sensex’s 10.59 percent rise.
The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.
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