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May 30, 2012, 05.26 PM IST
Sudarshan Sukhani of s2analytics.com shares his view on Tata Motors.
Sudarshan Sukhani of s2analytics.com shares his view on Tata Motors .
Sukhani told CNBC-TV18, “Tata Motors, there is no trade because there is no way of knowing where this decline will stop. But what we know is that at some point this is not a bear market in the sense Tata Motors has not become Rs 50-70 like some of the midcaps have. So it is a matter of time before this decline stops. We don’t know the levels. So this is not a good trade to be on the long side. The right trade would be to wait patiently, let this decline stop, let some base building start and then Tata Motors still becomes a buy.”
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 61.76. The latest book value of the company is Rs 62.74 per share. At current value, the price-to-book value of the company was 3.88. The dividend yield of the company was 1.64%.
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