Sudip Bandhopadhyay, Market Expert recommends buying Tata Motors even at the current level and expects 2-25 percent upside from the currenyt level.
Tata Motors share price fell more than 25 percent in last one year against the Nifty Auto index rallied 10 percent and the Nifty50 index gained 16 percent.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy L&T, Asian Paints, Whirlpool of India, Sun TV Network and Bajaj Finance and advises selling Ajanta Pharma and Dish TV.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Balkrishna Industries, Exide Industries, Granules India and Just Dial and sell Repco Home Finance.
Sources have told CNBC-TV18 that the cost-cutting will be looked at from two aspects — employee cost and capacity utilisation.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, Indraprastha Gas and M&M Financial Services and advises holding Jain Irrigation Systems while he suggests selling Rico Auto.
JLR is expected to outperform industry, driven by a favorable product pipeline, with six launches planned over the next 12-15 months, including three new rollouts (Velar, E-Pace and I-Pace), one upgrade (Evoque) and two refreshes (RR and RR Sport)
Acccording to Ashwani Gujral of ashwanigujral.com, one can buy Larsen & Toubro, DLF and JM Financial.
The RSI at 62 indicates a favorable buying regime coupled with continued uptrend momentum depicted by MACD at 52 above its Signal Line. Based on Fibonacci retracement a major support will be seen at 9807 and resistance level will be at 10137.
The vehicle, which comes with a 3 litre engine, is suitable for diverse business requirements like transporting agri-produce, poultry and fish. The model can also be used as a cash van and as service support vehicle at construction sites etc.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.
Motilal Oswal is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 542 in its research report dated September 11, 2017.
"With the Tiago Wizz limited edition, we want to celebrate the success of Tiago and begin the festive season with something special for our current and potential customers," Mayank Pareek, President Passenger Vehicle Business Unit, Tata Motors, said in a statement.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Tata Motors hopes to build on the ongoing revival of its domestic commercial vehicles having increased its overall market share by 330 bps to 45.6 percent in August putting the GST and BS-III ban disruptions behind it.
Tata Motors has been under tremendous pressure with the continuous slump in demand for trucks and buses especially last two years. It lost 14 percent share in the commercial vehicle space in last five years.
The workers at Tata Motors' Jamshedpur plant have called off the strike. About 5,000 temporary workers were on strike for the last few days and production was hit. Watch accompanying video of CNBC-TV18's Uttkarsh Chaturvedi for more details.
Tata Motors and its temporary workers at the Jamshedpur plant who were on a strike since Tuesday today agreed to end the four-day impasse.
The company also plans to install clean-fuel drivetrains on the existing line up than working separately on electric models
The Tata Tiago EV can sprint from 0-100 km/h in less than 11 seconds in sports mode. The car can go 100 km on a single charge. Weighing 1040 kg, the car can achieve a top speed of 135 km/h. Launched in April 2016, Tiago has been Tata’s bestseller since the launch. Tata Tiago sales crossed 7,000 sales mark for the first time in 2017 August.
A section of workers at the Tata Motors Jamshedpur plant continue to be on strike.
CNBC-TV18's Ronojoy Banerjee caught up with Pawan Goenka, MD of M&M from the side-lines of the SIAM Annual Convention and asked him his views on the government's stance of wanting the auto industry to upgrade to European standards.
Last year, the company, owned by India's Tata Motors, said it would offer greener versions of half of its new line-up by 2020, but it has now ramped up its plans.
The model can be booked at any authorised dealership of the company with an amount of Rs 11,000 from September 11, Tata Motors said in a statement.