Tata Motors (DVR) is worth trading on the long side, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "You see all sorts of bad news came for Tata Motors nothing happened except for a sharp dip on one day that was Wednesday I think. The stock has moved up, the DVR gives us a little more bank for the buck. So it is wiser to trade in DVR than in the main equity that’s all."
He further added, "The DVR is suggesting that a cross of Rs 188 is likely. That takes it to new highs, it is actually lifetime new highs. It is worth trading on the long side same point. In a choppy market there will be some stocks that go up and we want to focus on them."
Tata Motors (DVR) touched its 52-week high Rs 189.90 and 52-week low Rs 110.05 on 23 April, 2012 and 18 January, 2012, respectively. Currently, it is trading 1.63% below its 52-week high and 69.74% above its 52-week low. Market capitalisation stands at Rs 5,994.01 crore.