What is the scope of investing in tata motors @ Rs 650 per share?
Tata Motors Limited had informed the Exchange that the Board of Directors at its meeting held on May 18, 2007 (1) Recommended a dividend of 150% (Rs 130/- per share for FY 05-06) on 38,53,81,536 Ordinary Shares. The Company has now informed the Exchange that: "We had inadvertently stated that the dividend declared for the previous year was Rs.130/- per share. The same should read as "previous year Rs.13/- per share or 130%"
As an investment for the long-term, it is certainly a good price to enter.. however, with the production cuts announced in the Auto companies, it may have some further downside in the near future..
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