Tata Motors may slip to Rs 220-225: Baliga

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."