Vijay told CNBC-TV18, "I have been a patent of Tata Motors from Rs 140. It has a fantastic run for the right reasons driven mainly by JLR show."
He further added, "Tata Motors is one blue chip which has doubled in the last few months none of the others actually doubled so I think it is time to pause and one is seeing some profit booking. Remember it is high beta stock compared to other stock so it would probably see fall back to Rs 250 levels or something. Going forward the domestic will also start kicking in that is a great thing because so far the domestic has been a big drag but going forward I have seen interest rate slacken and more investment takes place in highways and construction the demand for Tata vehicles will soar so I think around Rs 250 levels Tata Motors will be a top class buy."
