Feb 26, 2013, 10.23 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com advices to buy Tata Motors on every dip.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " Tata Motors is much better than we imagine and much better than most people think. This market has been doing this consistently, repeatedly cyclical. It rewards blue chips then there is a season for midcaps that lasts for 20 days and then it starts switching to blue chips again. For the last 20 days there is no season for midcaps. It is only blue chips.”
He further added, “Tata Motors is one of the better stocks; every dip in this is a buying opportunity. Yesterday’s small rally should see a lot of follow-through, after all the money has to go somewhere. I would be a buyer here whenever there is an opportunity.”
At 09:43 hrs Tata Motors was quoting at Rs 294.10, down Rs 4.95, or 1.66%. It has touched an intraday high of Rs 296.05 and an intraday low of Rs 292.95.
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 74.64. 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 4.85. The dividend yield of the company was 1.36%.