IIFL bullish on Tata Motors, Maruti Suzuki

Arora told CNBC-TV18, "We have actually been bullish on Tata Motors and Maruti. I think the JLR numbers has been extremely positive and I think that momentum will carry through although the stock has done exceedingly well. I don’t know how much more it has to go but if you look at the numbers, the numbers coming through from China, I think that momentum sustains on the JLR front. The only worry being the car front domestically but I think that has been a concern for a while. So JLR is the big story and that continues to look really good."

Tata Motors trailing 12-month (TTM) EPS was at Rs 28.63 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 9.96. The latest book value of the company is Rs 63.05 per share. At current value, the price-to-book value of the company was 4.52. The dividend yield of the company was 1.4%.