Tata Motors Ltd
TATAMOTORS

467.10

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

467.00

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

464.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 445.35

Last updated on 07-Dec-2016

We recommend 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 3x FY18E (Target Price -Rs 491)
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50 DMA (.)
508.60
100 DMA (.)
515.58
200 DMA (.)
457.82
Weekly Range (.)
428.30
464.40
Monthly Range (.)
428.30
549.35
52 Weeks Range (.)
265.80
598.40
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