Tata Motors, Maruti may underperform: Bhambwani

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Tata Motors, Maruti may underperform: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that Tata Motors and Maruti Suzuki both these counters might just underperform the markets by a margin.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about Tata Motors See messages about Tata Motors Tata Motors BSE | NSE 10/02/12 Are Mutual Funds betting on Tata Motors?

Technical Analyst, Vijay Bhambwani is of the view that Tata Motors and Maruti Suzuki both these counters might just underperform the markets by a margin.

Bhambwani told CNBC-TV18, "Tata Motors and Maruti Suzuki are both witnessing some amount pressure because these are two counters which were really outperforming the markets by a very wide margins and that is where logically the selling would come. Its bulls actually surrendering there positions and bears are come out with daggers drawn. In the absolute short-term, I think both these counters might just underperform the markets by a margin."