See 25% upside in Tata Motors DVR: Abhimanyu Sofat

Abhimanyu Sofat of IIFL told CNBC-TV18, "Tata Motors specially in Tata Motors DVR we believe a 25 percent upside from current level is clearly possible. During the last quarter the numbers were pretty bad. This quarter numbers have been pretty good though we have some concern on reduced margin as well as slightly higher capex, slightly more than 400 pounds for JLR."

"If you look at the overall market, I believe select opportunities especially like Voltas, Blue Star, on the air conditioner side are something that one can look at."

"Even on the transmission side stocks like KEC International as well as Kalpataru Power are something that look interesting buy at this particular point of time," he said.