Tata Motors DVR may test Rs 260: Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "Tata Motors and Tata Motors DVR have made a double bottom closer to the recent low, so somewhere closer to Rs 210 to Rs 220 was a good double bottom for Tata Motors DVR and the trend is up on the extreme short-term. So in the near term there would be a target price, if one has a view of two-three days, of Rs 260 and given that the stock has already moved up a bit today, the investors can take the stoploss which was earlier at Rs 235 to closer to Rs 244 and ride down the move for the next two days."The share touched its 52-week high Rs 379.06 and 52-week low Rs 201.00 on 23 February, 2015 and 29 September, 2015, respectively.