Moneycontrol Presented by Motilal Oswal
Days hours minutes
Nerolac
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance
Indiabulls

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • Image 3
Jun 01, 2012 11:02 AM IST | Source: CNBC-TV18

Pick Tata Motors on dips: PN Vijay

Pick Tata Motors on dips, says PN Vijay, Portfolio Manager, www.askpnvijay.com.


Pick Tata Motors on dips, says PN Vijay, Portfolio Manager, www.askpnvijay.com.


Vijay told CNBC-TV18, "We are planning to buy Tata Motors. It is a little part of our core portfolio because I think the results were a mix bag but they were not so bad. For the stock to fall off from about Rs 285 to Rs 230 in short time but that we have seen in a market. Market votes one way totally on a stock but then having said that, and long-term investors would take atleast six-twelve months time span."

He further added, "Tata Motors looks good because again one is underpinning that in all our excitement about the Jaguar-LandRover (JLR) story which is there of course, we are losing site of a very strong domestic business franchise that the company has and it looks now that diesel price increase is not going to take place tomorrow. So there was that fear, so I think the markets sort of recognized a slightly flattish performance and overreacted in the bearish sentiment and so Tata Motors would be one of those nice little picks to do around Rs 225 levels probably for 30% appreciation in the next 12 months, which means an outperformer vis-à-vis the Sensex."

Sections
Follow us on
Available On