Brokerages in hot pursuit of tata motors

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Domestic and foreign brokerages have rushed to raise their target prices on the country's largest automobile company Tata Motors after it posted market-beating June earnings. Shares of the company on Tuesday rose nearly six per cent on the previous close to close at Rs 474 apiece. The average 12-month target price on the stock, by Bloomberg consensus estimates, is Rs 528. The increase in the price is as much as 25 per cent.