|Bid||8.76 x 1100|
|Ask||8.76 x 3000|
|Day's Range||8.73 - 9.05|
|52 Week Range||3.92 - 14.03|
|Beta (5Y Monthly)||2.07|
|PE Ratio (TTM)||4.52|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 14, 2016|
|1y Target Est||7.10|
Moody's Investors Service has downgraded to Ba1 from Baa3 the rating on the GBP98 million senior unsecured notes issued by TML Holdings Pte Limited, a wholly-owned subsidiary of Tata Motors Limited (B1 negative). The notes are supported by an irrevocable standby letter of credit (SBLC) from Bank of Baroda (London). Moody's rating action was prompted by the downgrade on 4 September of Bank of Baroda's long-term local and foreign currency deposit ratings to Ba1 from Baa3 and its long-term Counterparty Risk Assessment (CR Assessment) to Ba1(cr) from Baa3(cr).
Indian shares edged up on Thursday after activity in the country's coronavirus-crippled services industry contracted at a slower pace than in July, while Vodafone Idea rose after a report said U.S. wireless carrier Verizon Communications and Amazon.com Inc may invest in the company. A survey showed activity in India's services industry fell for a sixth straight month as coronavirus restrictions continued to hurt business operations and demand, but improved from July. "The numbers are not that good, but its not that bad either, and markets don't have anything to immediately react to, so we are taking positive cues from global markets which are doing fairly well," said Deepak Jasani, head of research at HDFC Securities in Mumbai.
While Honda (HMC) reaches $85-million settlement over the Takata airbag scandal, Ford (F) and Fiat Chrysler (FCAU) issue recall for 528 and 132K vehicles, respectively.