BULK DEALS:
* Merrill Lynch buys 6.3m Tata Motors DVR shrs at 151.85
rupees each
* RBS sells 6.3m Tata Motors DVR shrs at 151.85 rupees each
On Thu, Apr 11, 2013 at 11:43 AM, Kanchan Vora <[email protected]>wrote:
> *CLSA on Tata Motors: Maintain Buy, TP 360 from 385*
>
> Near term outlook for domestic business remains challenging
>
> Cut FY14/15 India volumes by 13-14%, stand-alone loss of Rs1100 cr in FY14
>
> Cut to FY14/15 consol EPS estimates by 14%/7%
>
> Acute pressures in both CV and PV businesses
>
> 14% fall in Tata’s stock since Feb-12 has priced in negatives
>
>
> --
> *Kanchan Vora*
>
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CA. Rajesh Desai
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