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Jul 12, 2012, 08.23 AM IST
Tata Motors may slip to Rs 220-225, says Ambareesh Baliga, COO of Way2Wealth.
Baliga told CNBC-TV18, "If you talk to the car dealers there is an inventory of about a month-and -a-half-two months across various plant and this inventory also now getting on the godowns of the companies itself, so its natural that most of them will shutdown at least for a while to dwindle the inventory. So at these levels I do not suggest people to buy Tata Motors. I suppose we should again see levels of Rs 220-225." He further added, "We like Axis Bank and because of this news we see some sort of a correction in it. I will utilize that as an opportunity to buy."
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