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Last Updated : Dec 14, 2015 04:57 PM IST | Source: CNBC-TV18

Tata Motors may slip to Rs 330-340: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert feels that Tata Motors may slip to Rs 330-340.

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "In Tata Motors looking at the sort of news source which are there it is possible that we could see slightly further lower levels of possibly Rs 330-340 and at those levels I would start to looking at buying at because whatever issues are there right now about the diesel vehicles, this will have an impact at least in the short to medium term but then if you are talking of longer term you will require again new diesel trucks with better emission norms. So, that is what will expand the scope of their business going ahead."

"When you are talking of the India business it is still comparatively small as compared to JLR. So, I don't think we should be so worried about what is happening here," he added.

"Mahindra and Mahindra (M&M) even at these levels I will possibly exit and wait for those lower levels to buy back because the impact will be felt on M&M much more than what it will be felt on Tata Motors," he said.

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First Published on Dec 14, 2015 04:57 pm
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