Tata Motors has touched a 52-week low of Rs 320. At 10:04 am, the share was quoting at Rs 326.75, down Rs 3.75, or 1.13% on the NSE.

According to sources, the company has pulled out of Singur. They are going to relocate the Nano project. The mother plant for Nano is likely to come up in Sanand in Gujarat.

In a meeting held with the Chief Minister of West Bengal, Buddhadeb Bhattacharjee and Minister in Charge, Department of Commerce & Industries, Nirupam Sen, Ratan Tata, Chairman, Tata Sons & Tata Motors and Ravi Kant, Managing Director, Tata Motors, expressed their extreme anguish at the heightened level of agitation and hostility by the opposition parties led by Mamata Banerjee, resulting in a concern for the physical security of their staff, contractors and vendors.
 
It was trading with volumes of 79,019 shares. On Friday the share closed down 2.69% or Rs 9.15 at Rs 330.50.