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Sell Tata Motors; target of Rs 200: IIFL

Posted on: June 2nd 2009 in Brokerage Recommendations.

IIFL has downgraded its rating on Tata Motors to sell with a price target of Rs 200 in its report dated June 1, 2009. “Tata Motors’s 4QFY09 PBT, adjusted for the exceptional items stood at a loss of Rs 1,099 million. Reported profits however were higher at Rs 5.87 billion largely…

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