Apr 08, 2005, 12.53 PM IST | Source: Moneycontrol.com

Tata Motors good for long term: Pendharkar

Vidur Pendharkar, Fortis Securities, feels the general trend in this stock for short to medium term is down and for long term investor it is upwards.

Vidur Pendharkar, Fortis Securities, is of the opinion that Tata Motors has got a support level around Rs 370 to Rs 390. According to him long term investors will benefit from this stock.

He told to CNBC-TV18, " Tata Motors stock has a support level around Rs 370 to Rs 390. For a long term investor this is good support level and if the investor is thinking in the short to medium term then this stock will rise up to Rs 440 to Rs 450 levels. But the general trend in this stock for short - medium is down and for long term investor it is upwards."

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