Tata Motors DVR can touch Rs 180: Parikh

Rikesh Parikh of Motilal Oswal Financial Services is of the view that Tata Motors DVR can touch Rs 180. NHPC can go upto Rs 22.

Parikh told CNBC-TV18, "Compared to Tata Motors, Tata Motors DVR is showing relatively more strength in terms of performance, so one can look at Tata Motors DVR or Tata Motors on the long side. In case of DVR one can keep a stop around Rs 155 and look at target of Rs 180 as first target on Tata Motors DVR." "NHPC is trading around Rs 19.5. The stock has been languishing for quite sometime and it is sustaining above its 200 day moving average. So, one can look at Rs 19.5, keeping a stop loss at Rs 18 and look at Rs 22. Siemens India is one stock which is looking prominent on the upside. It’s trading around Rs 705. One can keep a stop of Rs 695. If Rs 620 is taken away we can look at higher targets of Rs 650 in case of Siemens."