MARKET EYE-Tata Motors sales will rebound in March qtr-Morgan Stanley

Wed Dec 5, 2012 1:48pm IST

Related Topics

Stocks

   

* Morgan Stanley maintains its 'overweight' rating on Tata
Motors and is optimistic of a strong rebound in sales
in the January-March quarter, after visiting Solihull and Castel
Bromwich facilities of luxury unit Jaguar Land Rover (JLR).
* The investment bank says the recent weakness in numbers is due
to the slow ramp-up of launches rather than a "demand issue". 
* Most of the upgrades are slated for shipment in December, thus
numbers thereon should see a strong sequential pickup, the note
added. 
* JLR's global sales growth, a key issue for investors in Tata
Motors, has slowed in recent months and sales fell in September
for the first time in 14 months. 
* At 0806 GMT, Tata Motors shares were up 2.3 percent
at 277.75 rupees. 

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economy

REUTERS SHOWCASE

RBI Annual Report

RBI Annual Report

RBI reiterates commitment to bring down inflation .  Full Article 

Economic Pulse

Economic Pulse

Economy to grow 5.8 pct in 2014/15, says Mayaram.  Full Article 

Monsoon Update

Monsoon Update

Monsoon to display lull as floods ease.  Full Article 

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Defence Sector

Defence Sector

Indian firms tool up for defence orders on Modi's 'buy India' pledge  Full Article 

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Fed Minutes

Fed Minutes

Fed notes labor market progress, but not convinced yet - minutes  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage