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Want to make profits? Buy Tata Motors, HDFC and Lupin

Thu, May 17, 2012 at 08:49

| Source: CNBC-TV18
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Tata Motors

Brokerage: CLSA

Rating: Buy

Target: Rs 370

Rationale: JLR has seen an average drop of 30% in volumes from March to April in the last 10 years, and the recent drop is due to seasonal factors. They feel the company is not seeing any signs of demand weakness in any geography and continues to maintain its guidance for Evoque.

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