Shares of TTM traded higher by 1.50% or $0.24/share to $16.27. Tata Motors Ltd. is trading at a price to book ratio of 2.43. The PEG is 0.14 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.36. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2394910 shares of TTM exchange hands on a given day and today's volume is recorded at 966984. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Tata Motors Limited is an automobile company. Through its subsidiaries, the Company is engaged in engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations.
