Tuesday, 4 August 2015

Tata Motors falls; Credit Suisse cuts target, China volumes

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Shares of Tata Motors  fell nearly 2 percent intraday Tuesday after brokerage Credit Suisse reduced target price on the stock to Rs 490 and also slashed China volumes by 15 percent. 

However, it maintained its outperform rating. The brokerage has not attributed any value to the China JV. 

It believes the market is factoring in most of China's negatives and ignoring the strong product cycle. It also revised down earnings 

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