Feb 16, 2013, 01.25 PM | Source: CNBC-TV18
Ambareesh Baliga, Independent Analyst advised buying Tata Motors, if it falls by another Rs 25-30 per share.
Ambareesh Baliga (more)
Market Analyst, Independent | Capital Expertise: Equity - Fundamental ,IPO
Baliga told CNBC-TV18, “If I see another dip of Rs 50-60 more from here in SBI , clearly at those levels it becomes a buy. Dr Reddys has been on the buy radar for quite a while. Tata Steel at these levels I really don’t see much downside because already it has corrected from those Rs 428-430 levels to the current levels. I think the downside is just about another Rs 5-8 from here. So I think at these levels it would be bought.”
“Tata Motors - I will wait for a while longer. If it falls another Rs 25-30 more from here, I think at those levels I will start buying Tata Motors,” Baliga added.
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Ashwani Gujral of ashwanigujral.com is of the view