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China's move to cut interest rates, reserve requirements may boost sales of unit Jaguar Land Rover.
Tata Motors is the cheapest auto stock in India trading at 12 month forward PE of 6.5 x vs 24.1x of rivals, according to Eikon data.
Following a near 20 per cent plunge in stock prices in three days, PBOC has cut lending rate by 25 bps and RRR by 50 bps
Additionally, there has been a 300 basis points reserve requirement cut for financial and auto leasing companies.
Tata Motors ADR rose 4.5 per cent in US.
The stock was worst hit by the slowdown in China and positive news may lead to short squeeze.
Tata Motors rose 6.7 per cent on Monday but still down 32.9 per cent year-to-date.
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