Tata Motors bags 1,000 bus deal in UP; shares off intraday low

Tata Motors Share Price NSE BSE Today: Tata Motors said on Monday that it had bagged an order for supplying 1,000 units of diesel bus chassis to the UP State Road Transport Corporation. The Tata group auto giant, which manufactures a range of passenger as well as commercial vehicles including buses, said it had won the order in a competitive e-bidding process. Tata Motors shares partially recovered their intraday losses after the news. 

The Tata Motors stock finished the day lower by Rs 6.8 and Rs 7.4 per cent at Rs 903.3 and Rs 902.8 apiece on BSE and NSE respectively. During the session, Tata Motors shares declined as much as 1.3 per cent to Rs 898.3 and Rs 898.1 apiece on the bourses respectively. 

Tata Motors will supply the Tata LPO 1618 bus chassis in a phased manner as part of the agreement, according to a statement.

Earlier, it had completed a similar order last year involving the supply of 1,350 bus chassis.

The goods delivered as part of that order are currently running efficiently by the UP State Road Transport Corporation, according to Tata Motors.

ALSO READ: Tata group smallcap stock spurts; this may be the reason

Tata Motors Q2 FY25 Resutls Date

Tata Motors is scheduled to report its financial results for the July-September period—or the second quarter of the current financial year (Q2 of FY25)—on November 8. 

ALSO READ: Tata Consumer Products shares in tailspin after weak Q2 results; what should investors do? 

Tata Motors Share Price History 

Tata Motors shares have grown 14.2 per cent in value in 2024 so far, in line with a 14 per cent rise in the headline Nifty50 index but underperforming a 35.6 per cent rally in the Nifty Auto index. 

ALSO READ: Anand Rathi Securities shares 7 Diwali picks

Catch all the latest stock market updates here. For all other news stories in buzzing categories like technology, automobiles and personal finance, and much more, visit Zeebiz.com.