SENSEX NIFTY
Dec 31, 2012, 11.52 AM IST | Source: CNBC-TV18

See upside in Tata Motors: Sangeeta Purushottam

Sangeeta Purushottam, Professional Investor feels that there could be more upside in Tata Motors.

Sangeeta Purushottam, Professional Investor feels that there could be more upside in Tata Motors.

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.”

Set email alert for

ADS BY GOOGLE

video of the day

See Sensex at 30K by Aug; like autos, banks: Nomura

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.