Tata Motors good investment idea: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "Tata Motors from the largecap space, in a corrected market, investors should look at high beta stocks which have got good beating also along with the market. So, Tata Motors is something which looks good for short, medium and long-term investors.""The stock mainly got beating initially because it does business in China and given the volatility started with Chinese currency devaluation and subsequently to the global markets and to the Indian market. In valuation terms now the stock has come to a PE of around 6 on a consolidated basis 15 percent margins. Return on equities (ROE) closure to 25 percent. It is a very good investment," he said. "Tata Motors DVR in terms of arbitrage looks better but if you look slightly medium to long term charts for both these, they move largely in line. So it is a question of pure comfort."