Won't buy Tata Motors now, says PN Vijay

PN Vijay, Portfolio Manager said he would not buy Tata Motors now. According to him, there is still a lot of risk involved in buying it at this point in time.

Vijay told CNBC-TV18, “I would not buy Tata Motors. I think I would like to see the next quarter results because there are two different things happening. On the overseas, there seems to be some build up in demand in Jaguar Land Rover (JLR) which is positive.”
“But on the other hand, the domestic conditions are still very weak. We are seeing some rather negative growth month on month in the heavy commercial vehicle (HCV) segment which is their main segment. So it is a bit too early to jump. Some of the results one would watch with great interest are the likes of Tata Motors in the coming quarters so there is still a lot of risk involved in buying it at this point in time,” Vijay added.