Buy Tata Motors, target of Rs 425: Prayesh Jain

Prayesh Jain, AVP - Research at IIFL told CNBC-TV18, "We had a market performer rating on Tata Motors until the last quarter. We are upgrading to buy and we are revising the target price from Rs 400 to Rs 425 and earnings estimates have been revised prior on 6-8 percent for JLR operations."

The share touched its 52-week high Rs 405 and 52-week low Rs 252.10 on 28 November, 2013 and 05 April, 2013, respectively.

The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share. (Dec, 2013). The stock's price-to-earnings (P/E) ratio was 143.58. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company was 6.3. The dividend yield of the company was 0.53 percent.