We had given a sell call on Tata Motors just about 15 days back on the very next day after the results came at about Rs 290 or so. It came down to Rs 220 levels or so. But in the auto space, the stock, which I like is Mahindra and Mahindra (M&M), I would go ahead and buy the stock even at the current levels and my second pick is Escorts , which has come down to very compelling levels of Rs 62. So my bet in auto would be M&M and Escorts and not Tata Motors even at this price."
M&M's trailing 12-month (TTM) EPS was at Rs 43.36 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 15.28. The latest book value of the company is Rs 167.46 per share. At current value, the price-to-book value of the company was 3.96. The dividend yield of the company was 1.74%
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