Don't buy Tata Motors, says Madan

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Don't buy Tata Motors, says Madan

Ashu Madan, National Head of Religare is of the view that one shouldn't buy Tata Motors. The rising input costs and various negatives are inbuilt right now into the stocks and in the near future there is not anything positive for the stock.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Tata Motors rights issue opens today, stk slips Tata Motors gears down Tata Motors sells 1 cr Tata Steel shares, stk slips Stay away from Tata Motors: Sukhani ALSO READ See previous views by Ashu Madan See what other Experts & Brokerages are saying about Tata Motors See messages about Tata Motors Tata Motors BSE | NSE 13/02/12 Are Mutual Funds betting on Tata Motors?

Ashu Madan , National Head of Religare is of the view that one shouldn't buy Tata Motors .

Madan told CNBC-TV18, "In Tata Motors the Singur fiasco will inevitably lead to the delay in the capacity ramp up and the utilization, the effects would definitely loom large and other than Singur as it is we know that there is a pressure on the competition as far as passenger car segment is concerned and this overall unless the interest rates come down, the scenario is not very good. So the rising input costs and various negatives are inbuilt right now into the stocks and I don't see in the near future if there is anything positive for the stock. So I would not venture out buying inspite of any silver lining looking at it."

Disclosure: Analyst doesn't hold the above stock.