Tata Motors on verge of becoming cheapest stock on Sensex

Reuters Market Eye - Tata Motors Ltd is close to becoming the cheapest stock on a 12-month forward price-to-earnings basis on the Sensex, Thomson Reuters data shows.

Tata Motors is trading at 8.32 times 12-month forward PE, just marginally away from 8.31 times for Sesa Sterlite , currently the cheapest in the 30-member Sensex.

Tata Motors shares have fallen 9.3 percent since the end of November, compared with a 2.2 percent gain in Sesa and a 1.4 percent fall in the Sensex.

(Reporting by Abhishek Vishnoi)