Deutsche Equities positive on Tata Motors

Abhay Laijawala, Deutsche Equities India is positive on Tata Motors.

Laijawala told CNBC-TV18, "The market is always looking at global factors and also looking at basically the environment here for infrastructure. So we are very positive on Tata Motors infact it is one of our top conviction buys. We are basically looking at incrementally better performance at Jaguar-LandRover." The company's trailing 12-month (TTM) EPS was at Rs 28.99 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 39.65. The latest book value of the company is Rs 237.37 per share. At current value, the price-to-book value of the company was 4.84. The dividend yield of the company was 1.3%.