Tata Motors a good bet, says SP Tulsian

Tulsian told CNBC-TV18, “Tata Motors would delivered good set of numbers because I don’t think that one can really expect from ONGC because the indications have already come in and may be the Oil India results today which will be declared will also give an indication. But the kind of performance which we have seen from oil marketing companies, I think even on ONGC there will be disappointment, same thing for SAIL, I don’t think that anything positive surprises will be there from the results. So, one can really bank on Tata Motors for the surprise.”

He further added, “Coal India has declared their standalone results it is only the consolidated result which needs to be seen but I think definitely the improvement is going to be there but I have not taken a call on the estimates of Q4.”

Tata Motors trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 70.20. 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 4.41. The dividend yield of the company was 1.45%.