Sudarshan Sukhani of s2analytics.com recommends buying Tata Motors for a target of Rs 400.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Motors has an excellent long term charts. For somebody who is looking to re-build a portfolio should buy it at current prices. There is a pattern target of Rs 400. Whatever time it takes it is a very attractive long term buying opportunity."
On September 05, 2013 Tata Motors closed at Rs 316.65, up Rs 5.40, or 1.73 percent.
The share touched its 52-week high Rs 337.05 and 52-week low Rs 234.80 on 10 January, 2013 and 06 September, 2012, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 80.37. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company was 5.32. The dividend yield of the company was 0.63 percent.