Short Tata Motors, says Andrew Holland

Andrew Holland, CEO at Ambit Investment Advisors told CNBC-TV18, "Tata Motors is going to suffer, there is nothing locally to give them a fillip. I had never been a great buyer of Tata Motors and I think even at these prices you could short it."

At 12:03 hrs Tata Motors was quoting at Rs 403.70, down Rs 28.10, or 6.51 percent. It has touched a 52-week low of Rs 400.

The latest book value of the company is Rs 78.55 per share. At current value, the price-to-book value of the company was 5.14. The dividend yield of the company was 0.5 percent.