Expect Tata Motors at Rs 600 soon: Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "For Tata Motors, the journey has been so spectacular post the Brexit and last week while I was in the UK, I tried doing a dip test in terms of how the Jaguar Land Rover (JLR) perception is. For the first time ever, the Jaguar product line is outpacing the Land Rover. I never knew about this internal competition they always had whether Jaguar sells more or the Land Rover brand sells more. But the F-Pace SUV which has been a big hit in the UK is prompting them to set up a new assembly line in other nations, somewhere in East Europe. They are talking to a couple of players and if that happens, it is going to be a big change.""Tata Motors is definitely going through very good times now. The turnaround seems to have started kicking in. I would not be surprised if you see Rs 600 plus levels very soon on this. The next quarter is also likely to factor in all this improvement that we are seeing," he said.