Tata Motors
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Zomato is at a price-to-earning multiple (PE) of 127, Tata Motors at a PE of 41 and HDFC bank at 19. Imagine what would be the price of HDFC Bank today if it was quoting at a PE of 127. Now, don’t get surprised that among the three stocks, HDFC Bank, despite being the best of wealth creators,…
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As it seeks to attract more buyers, Tata Motors, the country’s only electric vehicle maker, has introduced India’s lowest priced electric car this week, costing some $10,000. Assisted by government subsidies and high import tariffs, Tata leads India’s EV market. Mahindra and Mahindra, Tata’s domestic rival, plans to launch its first electric sport-utility vehicle in…
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