Buy Tata Motors on dips, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "We had a positive coverage on Ashok Leyland and the stock is finding resistance at Rs 96. Now since the stocks has achieved the target price that we had set aside it is prudent on my part to advice to take money off the table."He further added, "If one wants to buy something in the four-wheeler space and from a equally longer time horizon then my advice would be that instead of going in for Escorts on dips you could definitely look at something like Tata Motors or Tata Motors DVR. In case if you don’t want to go in for that you can look in for a different sector altogether that is Dish TV. We have a positive coverage over here." "On Tata Motors shares we have set aside a target of somewhere close to about Rs 530 or 540. On DVR of Tata Motors we have set aside a target of about Rs 340-345. Incase if you want to buy Dish TV which is a different sector altogether DTH and the numbers are very impressing according to us. We have increased the target of Dish TV from earlier levels of Rs 110 to Rs 130," he said.