Tata Motors gains after slew of upgrades

Tags: Companies
Tata Motors Ltd gains as much as 2.76 percent after a slew of rating upgrades.

Shares up 1.6 percent at 524.60 rupees, approaching record high of 531.65 hit on Aug. 28.

Morgan Stanley upgrades the stock to "overweight" from "equal-weight."

Bank cites Tata Motor's "attractive" relative valuations and optimism about margins and volumes.

Jefferies also raises its rating on the stock to "buy" from "hold".

Standard and Poor's also raises outlook to "positive" from "stable."

Credit agency cites stronger performance of Tata unit Jaguar Land Rover.

Tata also says on Tuesday it wins order for over 2,700 buses.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture