JLR drive Tata Motors May sales; Ratan Tata buys 4.25L shrs<http://www.moneycontrol.com/news/business/jlr-drive-tata-motors-may-sales-ratan-tata-buys-425l-shrs_718326.html>
[image: JLR drive Tata Motors May sales; Ratan Tata buys 4.25L shrs]Tata Motors' global sales in May rose 12% year-on-year to 96,089 units, helped by robust sales growth at UK-based luxury Jaguar La...<http://www.moneycontrol.com/news/business/jlr-drive-tata-motors-may-sales-ratan-tata-buys-425l-shrs_718326.html> On Fri, Jun 15, 2012 at 1:50 PM, RAJESH DESAI <[email protected]> wrote: > NEW DELHI: Tata > Motors<http://economictimes.indiatimes.com/tata-motors-ltd/stocks/companyid-12934.cms> > surged over 4 percent in trade on Friday after the company reported > global vehicle sales of 96,089 vehicles for the month of May, up 12 percent > YoY. > > The rise in sales was mainly led by 35 percent rise in sales of its luxury > Jaguar <http://www.zigwheels.com/newcars/Jaguar> Land > Rover<http://www.zigwheels.com/newcars/Land-Rover> > vehicles. Sales of its Jaguar Land Rover vehicles stood at 30,094 in the > month. > > Brokerage houses expect JLR to report sales in the range of 28,000-29,000 > units for May 2012 as against 25,143 units in previous month, reports ET > Now. > > Ajay Srivastava, Dimensions Consulting Pvt. Ltd is of the view that Tata > Motors is a good buy among other auto stocks and he believes that is one > stock which has got lot of fundamental value. He places a target price of > Rs 220 for the global auto giant. > > "Tata Motors is perhaps the only one which can give trading pops of 15% to > 20% and none of the other stocks in auto can give you that pop," added > Srivastava. > > In a separate report, Nomura<http://economictimes.indiatimes.com/topic/Nomura> > has downgraded Tata Motors ratings to 'Neutral' with a price target of > Rs 251. JLR's 4QFY12 EBITDA<http://economictimes.indiatimes.com/topic/EBITDA> > declined by 240bps q-q to 14.6%, well below the estimate and consensus > of 18-19%. JLR's current margins are in line with those of global peers and > management's guidance. > > > We, thus, reduce our FY13F/FY14F margins from 17.7%/18% to 14.1%/14.5%" > said Nomura in its note to clients. Nomura's valuation of the standalone > business remains largely unchanged. > > > > -- > CA. Rajesh Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
