Sangeeta Purushottam, Founder and Managing Partner at Cogito Advisors told CNBC-TV18, "In the near term Tata Motors may consolidate for a while, but longer term there is still a case because the international business is doing extremely well. Te cut in the domestic business has been so sharp that that is likely to bottom out over the course of the next year.
"Therefore, for whatever it is worth may also add a boost to it maybe three-four quarters from now. So it still makes sense to look at it," she said.
At 10:11 hrs Tata Motors was quoting at Rs 380.55, down Rs 9.95, or 2.55 percent.
The share touched its 52-week high Rs 405 and 52-week low Rs 261.30 on 28 November, 2013 and 05 April, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 3.94 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 96.56. 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 6.4. The dividend yield of the company was 0.53 percent.
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