Ambrish Mishra, JM Financial remains positive on Tata Motors after the company posted strong numbers. The stock is witnessing some profit booking but in the long-term he is confident that things will look upwards. He recommends a target price of Rs 440 on the stock. Technically, he expects some corrections in between.
Within two-wheelers, Krishna still remains very positive on Bajaj Auto because of the kind of business model they have built over the years and that is why in terms of profitability, they still remain one of the most profitable two-wheeler players in the country.
Also, Eicher Motors remains his top pick given the outperformance reported by the company over the last several quarters.
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