Ambareesh Baliga of Edelweiss Financial Services suggests exiting Tata Motors at these levels.
Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, " Tata Motors ' numbers are weaker than expected, so a bit of a disappointment here. Again their dependence on China is worrying me because even going ahead clearly there will be a slowdown in offtake there and that will create pressure. So even at these levels, I would say it is possibly time to book out to a certain extent."
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 72.61. 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 4.81. The dividend yield of the company was 0.7 percent.
Set email alert for
ADS BY GOOGLE
video of the day
Rupee weakness modest, see yields at 7.60% in Q1: Deutsche