Buy Tata Motors, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Tata Motors would be a buy because it is more than Rs 300. It is not as if it is in deep trouble. We have seen some corrections, some declines, they become inevitable at certain higher levels but that is about all. The trend is up and I would be a buyer after that big dip. So, maybe this correction is an entry opportunity."
The share touched its 52-week high Rs 337.05 and 52-week low Rs 213.90 on 10 January, 2013 and 26 July, 2012, respectively.Currently, it is trading 12.95% below its 52-week high and 37.17% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 74.45. The latest book value of the company is Rs 60.65 per share. At current value, the price-to-book value of the company was 4.84. The dividend yield of the company was 1.36%.