Dec 27, 2012 03:36 PM IST | Source: CNBC-TV18

Buy Tata Motors; target of Rs 324: Panda

Jitendra Panda, Future Capital is of the view that one can buy Tata Motors with a target of Rs 324.

Jitendra Panda, Future Capital is of the view that one can buy Tata Motors with a target of Rs 324.

Panda told CNBC-TV18, “Tata Motors is looking very positive and today also we are seeing long positions and at this level I would recommend for January long positions. Keep stop loss around Rs 305 and look at a target of Rs 324 because January is a new calendar year for autos and the numbers could be good there. In December month the way positives are getting build, we believe numbers are getting much positive, fundamentals will get set in for the January new calendar year when the auto companies generally do well. We believe Tata Motors is well placed to move to Rs 324 levels.”

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