Tata Motors' shares on high gear; up by 10 percent
Bangalore: Tata Motors (TATAMOTORS) finished among the top gainers in the Indian equity markets by closing 9.72 percent above its Thursday's closing price. Having started the day at 
345, the stock touched an intra-day high of 376.70 before ending the day at 373.50 up by 33.10. Throughout the day 2,218,280 Tata Motors shares were traded and the current P/E ratio of the stock is 19.18. The 52-week stock price chart is on the left.
Tata Motors is an automobile manufacturer that is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Recently the Company announced that it is conducting a feasibility study to market its cars in Indonesia. Indian vehicle manufacturers, including motorcycle-makers Bajaj Auto and TVS Motor, already have production plants in Indonesia. Tata Motors has a plant in Thailand and has sold nearly 600 one-ton pick-up trucks since entering the Thai market about a year ago.
Out of the 31 analysts following the stock, the consensus recommendation is underperform, out of which nine analysts recommend to sell the stock, while five analysts suggest to hold it. Sundaram BNP Paribas Select Midcap Fund holds the highest number of shares in Tata Motors with a total of 920,691 shares in its kitty.
345, the stock touched an intra-day high of 376.70 before ending the day at 373.50 up by 33.10. Throughout the day 2,218,280 Tata Motors shares were traded and the current P/E ratio of the stock is 19.18. The 52-week stock price chart is on the left.
Tata Motors is an automobile manufacturer that is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Recently the Company announced that it is conducting a feasibility study to market its cars in Indonesia. Indian vehicle manufacturers, including motorcycle-makers Bajaj Auto and TVS Motor, already have production plants in Indonesia. Tata Motors has a plant in Thailand and has sold nearly 600 one-ton pick-up trucks since entering the Thai market about a year ago.
Out of the 31 analysts following the stock, the consensus recommendation is underperform, out of which nine analysts recommend to sell the stock, while five analysts suggest to hold it. Sundaram BNP Paribas Select Midcap Fund holds the highest number of shares in Tata Motors with a total of 920,691 shares in its kitty.