See upside in Tata Motors: Sangeeta Purushottam

Purushottam told CNBC-TV18, "In terms of valuations Tata Motors still doesn’t look very expensive. So the performance has largely been driven by the Jaguar operations.”

She further added, “There are concerns on the domestic side because the commercial vehicle (CV) cycle is not yet close to picking up. So as long as you continue to see the Jaguar performance come through, through this year there would still be more scope for this stock to go up because valuations remains supportive.”