Pick Tata Motors on dip: Deven Choksey

Pick Tata Motors on dip, says Deven Choksey, MD, KR Choksey Shares and Securities.

Choksey told CNBC-TV18, "Generally we have seen that the action starts happening into the market, start looking at some of the high growth areas and the potentials which the valuations that they offer. Tata Motors is one such company which is basically offering both the growth as well as the valuation in favour of the investor. If you consider Tata Motors or Tata Motor DVR, I think the valuation is far too attractive and that is where the first side would come on to that particular stock. Along with that growth in the business is happening which is very convincing, to a greater extent one would like to buy that story."
He further added, "I am not totally surprised that people are looking at companies like Tata Motors to begin with or even Bajaj Auto which is increasingly giving confidence that yes the growth is going to sustain in the