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Tata Motors has become a proxy bet for investors looking to dabble in the electric vehicle revolution underway globally.

The stock quoted a 52-week high price of Rs 98575.9 and a 52-week low of Rs 73756.25.

A total of 28,457 shares changed hands on the counter till 12:45PM (IST)

Promoters held 0.22 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 57.18 per cent and 7.26 per cent, respectively.

The stock quoted a 52-week high price of Rs 275.25 and low of Rs 211.5.

The company’s disappointing performance in the quarter gone by was primarily on account of a rise in costs of raw materials and logistics, a BSE filing on Wednesday showed.

“FIIs in general are a little bit risk averse as they see a probably more aggressive taper looming and are looking at places where they see less risk from that.”

According to the statement, the repurposing of gasification assets would help use of syngas as a reliable source of feedstock for the production of chemicals and cater to the growing domestic demand, thus leading to an attractive business opportunity.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 49433.62 Crore) operating in Tourism & Hospitality sector.

The Relative Strength Index of the stock stood at 44.4 on Thursday.