Tata Motors Ltd
TATAMOTORS

526.40

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

526.55

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

518.60

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 502.00

Last updated on 06-Jan-2017

We recommend an ACCUMULATE on the stock due to strong product pipeline at Jaguar & Land (JLR) and recovery in domestic commercial vehicle market. Stable demand conditions in US, Europe to provide volume led growth. Further, better product mix to expand JLR margins. The stock trades attractive at EV/EBITDA of 3.3x FY18E (Target Price -Rs 548)
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50 DMA (.)
476.70
100 DMA (.)
509.74
200 DMA (.)
476.64
Weekly Range (.)
492.15
524.00
Monthly Range (.)
455.60
524.00
52 Weeks Range (.)
265.80
598.40
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