Tata Motors may slip to Rs 220-222: Baliga

Baliga told CNBC-TV18, "Tata Motors profits should move up about 24-25% that is my expectation. But in case again there is a disappointment like what we saw in Bharti Airtel yesterday, I think this stock can go back to those Rs 220-222 levels from where it started its upmove this time."

The share touched its 52-week high Rs 320.60 and 52-week low Rs 137.65 on 20 Apr, 2012 and 13 Sep, 2011, respectively. Currently, it is trading -23.71% below its 52-week high and 77.7% above its 52-week low. Market capitalisation stands at Rs 78,019.83 crore.

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 62.09. The latest book value of the company is Rs 60.66 per share. At current value, the price-to-book value of the company was 4.03. The dividend yield of the company was 1.63%.