May 14, 2013, 06.00 PM | Source: CNBC-TV18
One can buy Tata Motors at around Rs 300 levels with a price target of Rs 350-360 in the next six-nine months, says Rajesh Agarwal, Head of Research at Eastern Financiers Limited.
Rajesh Agarwal (more)
, Aum Capital | Capital Expertise: Equity - Fundamental
He further added, “Even on valuation parameters if you look at Tata Motors it is trading at a huge discount to its other peers almost at 40-50 percent discount to its other peers. Hence we think it is a very good buy at these levels. At around Rs 300 levels one can enter this stock with a price target of Rs 350-360 in the next six-nine months. In a very short-term, may be in the next three months one can have a price target of Rs 330.”
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