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Buy rating on Tata Motors: LKP Securities

2014-09-06 13:42:39| Automakers - Topix.net

Tata Motors has been the biggest sufferer of the cyclical downturn in the medium and heavy commercial vehicle industry in India. Now, with the recent growth seen in monthly sales numbers both on a y-o-y as well as mom basis for the last couple of months on industry wide basis, we believe that recovery has entered the M&HCV industry.

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