Bullish on Tata Motors, says Parag Thakkar

Parag Thakkar of HDFC Securities told CNBC-TV18, "In Tata Motors, I would look at it on an absolutely basis because at 4-4.5 times enterprise value (EV) EBITDA, such a business with Rs 3 lakh crore topline, Rs 40,000 crore EBITDA and growing and growing in double digits, it deserves a higher multiple no doubt about it. So, I was even bullish at Rs 280 where it fell because of the Euro concerns and even now I am bullish."Tata Motors closed at Rs 503.65, up Rs 9.90, or 2.01 percent. It has touched an intraday high of Rs 515.00 and an intraday low of Rs 486.10.