Buy Tata Motors, advises Rahul Shah

Rahul Shah of Motilal Oswal Securities told CNBC-TV18, "On Thursday and Friday’s session, we saw some longs getting created in Tata Motors and technically also it has given a breakout. So Tata Motors can flare up from here, with a stoploss at Rs 528 and a target of Rs 555, I recommend a buy on Tata Motors."

At 13:07 hrs Tata Motors was quoting at Rs 531.85, down Rs 1.10, or 0.21 percent. It has touched an intraday high of Rs 540 and an intraday low of Rs 530.60.

The latest book value of the company is Rs 59.58 per share. At current value, the price-to-book value of the company was 8.93. The dividend yield of the company was 0.38 percent.