Tata Motors has potential to test Rs 320- 325: Amisha Vora

Tata Motors has potential to test Rs 320- 325, says Amisha Vora, Joint MD, Prabhudas Lilladher.

Vora told CNBC-TV18, “Tata Motors still has potential to go upto Rs 320-325 levels particularly based on both the new product launch as well as the kind of numbers, which are coming. So, we continue remain moderately optimistic on the stock.”
He further added, “FMCG, consumption story has in India slightly slowed down, but not substantially for sure and going forward also we think that the consumption theme overall will continue to play. But somewhere at the current valuations we are not finding sufficient steam left of appreciation, as also some of the select factors affecting individual stocks, which have unfolded in the last couple of weeks, are also impacting the stocks of course. But we are not thinking that this consumption- a couple of names, which you mentioned is as defensive. So, we are not very extremely optimistic on some of the names that you mentioned.”