Remain invested in Tata Motors: Phani Sekhar

Phani Sekhar, Fund Manager-PMS at Angel Broking told CNBC-TV18, "The investors can stay invested in Tata Motors but I would not advice averaging out at these levels maybe on declines one can always look at it because from these levels there are better stocks and sectors that can give better returns than Tata Motors. However, from one year or beyond considering that Jaguar Land Rover (JLR) is up for an exciting launch calendar in 2015 and hopefully and since we have been hoping for the last two years that Indian operations turnaround maybe in 2016 around as the macro improves, as things turnaround then the residual 30 percent of Tata Motors business will also start kicking in."

"The best defense for Tata Motors is that valuations are not at all expensive, so the investors can hold on but one might average on declines but from one year and beyond perspective it’s certainly a hold," he said.