Tata Motors sees lack of confidence in investors
Friday, January 30, 2009 2:20 pmTata Motors presently trades at Rs.147.30, low by 3.25 points from its earlier closing of Rs.150.55 on the Sensex.
The stock opened at Rs.150.95 and has reached a high of Rs.150.95 with a low of Rs.145. Till now 292,181 shares were traded on the Sensex.
Tata Motors has bagged a deal worth Rs.2200 crore from the Delhi Transport Corporation (DTC) for provision of 1,625 ultra low-floor buses and their maintenance for 12 years.
Rs 900 crore is for the 1,625 buses and Rs 1,300 crore for a 12-year maintenance contract for the buses out of the total sum.
Previously, the auto company had received an alike project but for only 650 such buses in 2007.
