Cautious on Tata Motors: Sudip Bandopadhyay

Sudip Bandopadhyay of Destimoney Securities told CNBC-TV18, "Tata Motors has corrected significantly and obviously at this level it looks attractive but I will still continue to remain cautious. Europe which is the other big market for Tata Motors, the JLR part of it is not doing great. So, overall the environment and the numbers for Tata Motors doesn't look good for the next couple of quarters.""Though the valuation is attractive, I will probably wait and watch as and when there is a turnaround sign visible, probably I will start buying into it and as those signs are visible obviously Tata Motors DVR will be more attractive compared to Tata Motors," he added.