Buy Tata Motors on declines: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Tata Motors is more or less going towards its all time high and then correcting and then falling is something which is definitely expected. One doesn’t need to understand technicals to say that. I am quite confident that this scrip will ultimately cross its all time high. So, any correction would be welcome, not necessary from a very short-term angle because if you see the market, it is correcting by some 100-200 point more on the Nifty.""Tata Motors could falter maybe to even Rs 500-510 where I definitely feel it would be a great fresh buying opportunity. For all those people who have not sold at Rs 575-580-590 I can tell you that this price is again going to come. Maybe it will take one more quarter to come but it will certainly come," he added.