Moneycontrol
Dec 07, 2012 04:49 PM IST | Source: CNBC-TV18

Mohindar upbeat on Tata Motors, M&M

Rahul Mohindar, viratechindia.com is of the view that Tata Motors can give 15-20 percent upside in 2-3 months and M&M can touch Rs 1000.

Rahul Mohindar, viratechindia.com is of the view that Tata Motors can give 15-20 percent upside in 2-3 months and M&M can touch Rs 1000.
 
Mohindar told CNBC-TV18, “Tata Motors is looking pretty good. There is interesting congestion zone of Rs 250-285 that seems to be breaking out now. Once we start maintaining above Rs 290, we are going to see good upside on the stock. So probably you could see 15-20 percent if you give it 2-3 months.
 
He further added, “Mahindra & Mahindra (M&M) too we think is probably going to head towards that Rs 1,000 mark. So there too a visible short-term upside and this could happen in fairly quick time.”
 
“I am not that buoyant in something like Hero Moto but again comparatively I think Bajaj Auto, which is a good stock to be looking into probably from a one month to two months perspective, you could even see a target of Rs 2,100 hit.”
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