Buy Tata Motors on 5% dip: Jajoo

Buy Tata Motors on 5% dip, says Vaishali Jajoo of Angel Broking.

Jajoo told CNBC-TV18, "One would buy Tata Motors 5% lower from the current level. We have been saying buy but the price has gone up substantially and in recent month also, so maybe 5-6% lower from the current levels." Tata Motors trailing 12-month (TTM) EPS was at Rs 29.87 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 43.74. The latest book value of the company is Rs 245.56 per share. At current value, the price-to-book value of the company was 5.32. The dividend yield of the company was 1.15%. b