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.

EDITORIAL OF THE DAY

  • It’s time to stimulate growth, for spending has taken a dive due to liquidity crunch

    As finance minister Arun Jaitley readies his fourth budget to be presented on February 1, he will face the unenviable task of laying the foundation fo

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium:The recriminations of the Princely Order

The independence and brutal partition of India was done and ...

Anil Dharker

The one in which Sir Ian McKellen dazzles India

It takes something special to pack NCPA’s 1,100-seat Tata Theatre, ...

Kuruvilla Pandikattu

Happiness is when you have control

Are people who trust in technology happier than those who ...