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Remain invested in Tata Motors: Vishal Malkan

Vishal Malkan of malkansview.com is of the view that on may remain invested in Tata Motors.

August 17, 2015 / 15:09 IST
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Vishal Malkan of malkansview.com told CNBC-TV18, "Tata Motors is the wrong stock in the right sector. It's one of the underperforming stocks in this sector but still I would say not a bad price to enter. The current supports are around Rs 340 levels, so I would recommend holding from here and it can get a bounce and then exit and get into an outperforming stock like Ashok Leyland or Apollo Tyre or Mahindra and Mahindra."

"Adani Ports and Special Economic Zone is a good stock to hold on with a stoploss of around Rs 320 and can look at target of around Rs 375 to Rs 400 in the short-term and Rs 450 in the long-term," he added.

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first published: Aug 17, 2015 03:06 pm

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