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Stay away from Tata Motors: Sukhani

Published on Wed, Jul 01, 2009 at 10:25 |  Source : CNBC-TV18

Updated at Wed, Jul 01, 2009 at 10:28  

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Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from Tata Motors .

Sukhani told CNBC-TV18, "Tata Motors was never my favourite stock. This stock had rallied far more than it was justified by charts and eventually it had literally become a momentum stock because it was not being backed by all the fundamentals. That has now come back. I think Tata Motors and most of the stocks in that group, including Tata Steel , are best to stay away from now."

  

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