Prefer Tata Motors: Religare Capital

Prefer Tata Motors at this level over Maruti Suzuki and Bajaj Auto, says Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
Real-time Stock quotes, portfolio, LIVE TV and more.
GeStepAhead SME Special
moneycontrol.com

Home » News » Stocks Views

Feb 04, 2013, 12.24 PM | Source: CNBC-TV18

Prefer Tata Motors: Religare Capital

Prefer Tata Motors at this level over Maruti Suzuki and Bajaj Auto, says Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets.

Like this story, share it with millions of investors on M3

Prefer Tata Motors: Religare Capital

Prefer Tata Motors at this level over Maruti Suzuki and Bajaj Auto, says Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets.

Post Your Comments

Share Cancel

Tirthankar Patnaik (more)

India Strategist, Mizuho Bank | Capital Expertise: Equity - Fundamental

Prefer Tata Motors at this level over Maruti Suzuki and Bajaj Auto, says Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets.

Patnaik told CNBC-TV18, "M&M UV sales were amazing. We are pushing M&M. We are pushing Bajaj Auto , Tata Motors other than M&M where we are pushing it as a domestic play. We prefer global plays like Tata Motors and Bajaj Auto because of their export driven nature and higher margins over Maruti Suzuki where we believe that the play is essentially a realization play. It is basically a Yen play which is supporting the stock right now. Volume growth levels are considerably lower."

He further added, "We have a 6 percent YTD number for FY14 as well as the management has pointed out you are not likely to see more than 5-6 percent on volumes. So we clearly prefer Tata Motors at this level over Maruti and Bajaj over Hero Honda. Today with the Hero Honda numbers you might see some support for the stock coming in, but we believe it is inventory build-up and these numbers would start rationalizing in a couple of weeks. We maintain our preference for Bajaj in the two wheeler space."

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Prefer Tata Motors: Religare Capital

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login