Rakesh Arora, HOR - India, Macquarie Capital Securities is positive on Tata Motors from 12 months perspective.
Arora told CNBC-TV18, "We remain pretty confident on Tata Motors call and we think that the trends were a little bit mixed because they were trying to phase out some of the older models as the new models come in. April would be the key month to watch out for as to how the new models really shape up, but looking at the reviews etc. I think Tata Motors is on good track for release of these new models. So we remain quite positive on Tata Motors from 12 months perspective.”
At 10:19 hrs Tata Motors was quoting at Rs 287.70, up Rs 0.65, or 0.23%. It has touched an intraday high of Rs 290.30 and an intraday low of Rs 287.40.
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 14.64% below its 52-week high and 34.5% above its 52-week low. Market capitalisation stands at Rs 91,770.72 crore.