Aug 08, 2013, 09.38 AM | Source: CNBC-TV18

Exit Tata Motors, says Ambareesh Baliga

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.

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