Book profits in Tata Motors , says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Kulkarni told CNBC-TV18, "Tata Motors is at all time high. So I think the stock, which is at all time high you can probably hold on, but at least it is an uncharted territory as of now. The gap up opening again that maybe the intermediate support for the stock, so I think around Rs 275 there maybe some sort of support."
He further added, "But at least from a trading perspective someone who has already got into this stock probably yesterday because the results were declared during the market hours and not post market hours, so if you fortunately have entered the stock in yesterday's session you are already getting 8-8.5% something, which you get in a bank in a full year. So, I think that it is better to book profits and move out. It makes sense to book profits, but if you are a positional probably hold on with a Rs 270 as your stop loss."
