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

  • Indians being naturally emotional may draw up a work plan to counter it

    Are you going through a bout of depression?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: Pawn to king four

Sir Conrad Corfield, heavy hitter of the British Political Department ...

Susan Visvanathan

The problem called JNU

Reservation is a word that some administrators and intellectuals find ...

Rajgopal Nidamboor

That divine mosaic of art and science

Our old, inborn fancy to present complex explanations as a ...