Go long in Tata Motors, says Sudarshan Sukhani of s2analytics.com.
Go long in Tata Motors , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “Tata Motors had strong support at Rs 300 and it has found support there. We have seen two good days of up moves. The cap has not been filled but that is a different story. It does not mean that it will be filled now but the trade in Tata Motors should be to be long. Ideally, I would not want to trade it but if somebody wants to do something then have to be long.”
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 9.58% below its 52-week high and 42.47% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 77.36. 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 5.03. The dividend yield of the company was 1.31%.
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