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:

Politics of Religion

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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