Buy Tata Motors, advises Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "As far as Tata Motors is concerned the fears are far too overwhelming. Rather than fears I would say the apprehensions are far too overwhelming for the stock and which is what has really brought the stock down to this level. Of course from lower level it has recovered without any doubt but if one were to see that there is a good secular recovery in the commercial vehicles which of course does not contribute much to the overall Tata Motors profitability.""Apart from that the sales of Jaguar also is something which is inspiring confidence whether it is the US, China continues to be a worry but summing it up I still think Tata Motors probably is factoring in a lot of negatives and the positives will be something which will surprise a lot of people. So, it is a good stock to buy at least in the medium to long term," he said.