Tata Motors Ltd (TTM) : 1 brokerage houses believe that Tata Motors Ltd (TTM) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tata Motors Ltd (TTM). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 2 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Also, Equity Analysts at the Bernstein downgrades the rating on Tata Motors Ltd (NYSE:TTM). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on September 9, 2016.
Tata Motors Ltd (NYSE:TTM): After opening at $41.69, the stock dipped to an intraday low of $41.53 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42 and the buying power remained strong till the end. The stock closed at $41.89 for the day, a gain of 0.07% for the day session. The total traded volume was 820,850. The stocks close on the previous trading day was $41.86.
Tata Motors Limited is an automobile company. The Company 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. Its operating segments include automotive operations and all other operations. Its automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories. Its automotive operations are further subdivided into Tata and other brand vehicles (including vehicle financing) and Jaguar Land Rover. Its all other operations segment includes information technology services, and machine tools and factory automation solutions. Its commercial and passenger vehicles are marketed in countries in Europe, Africa, the Middle East, South East Asia, South Asia, South America, Australia, Commonwealth of Independent States and Russia.