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Morgan Stanley cuts target price on Tata Motors
In an exclusive interview to NDTV's Shweta Rajpal Kohli, Mauritius Foreign Minister Arvin Boolell talks about GAAR, tax treaty, black money and the measures being taken.
06 Jul 2012, 12:03 PM IST 
IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.
Morgan Stanley has lowered its target price on Tata Motors to Rs 240 from Rs 291 and maintained its "equal-weight" rating on the stock.The investment bank said Tata's Jaguar Land Rover's product cycle is entering a "slow phase," while India's medium and heavy commercial vehicle cycle is "weak", and the environment for luxury cars is becoming "more competitive."Morgan Stanley added that although volumes are "holding up well" in the ke...
