Tata Motors on verge of becoming cheapest shares on BSE Sensex

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Tata Motors Ltd is close to becoming the cheapest stock on a 12-month forward price-to-earnings basis on the BSE benchmark index. Reuters Tata Motors Ltd is close to becoming the cheapest stock on a 12-month forward price-to-earnings basis on the BSE benchmark index. Reuters
SummaryTata Motors is trading at 8.32 times 12-month forward PE.

India's Tata Motors Ltd is close to becoming the cheapest stock on a 12-month forward price-to-earnings basis on the BSE benchmark index Sensex.

Tata Motors is trading at 8.32 times 12-month forward PE, just marginally away from 8.31 times for Sesa Sterlite, currently the cheapest in the 30-member BSE index.

Tata Motors shares have fallen 9.3 percent since the end of November, compared with a 2.2 percent gain in Sesa and a 1.4 percent fall in the BSE index.

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