UBS cut Tata Motors' fiscal 2013 and 2014 earnings-per-share estimates by 6 percent after the automaker warned its luxury unit Jaguar Land Rover is likely to report a lower EBITDA margin in the October-December quarter.
UBS cut Tata Motors '
UBS maintained its "sell" rating after the Tata announcement on Wednesday, citing "expensive" valuations, although the investment bank raised its price target to Rs 255 from Rs 250 as it rolls forward the target by six months.
Tata Motors stock price
On August 28, 2015, Tata Motors closed at Rs 340.40, up Rs 5.70, or 1.70 percent. The 52-week high of the share was Rs 612.05 and the 52-week low was Rs 304.10.
The latest book value of the company is Rs 78.55 per share. At current value, the price-to-book value of the company was 4.33.
Set email alert for
ADS BY GOOGLE
video of the day
Domestic stories attractive; prefer KNR over L&T: HDFC Sec