Vikas Khemani positive on Tata Motors

Vikas Khemani, President, Co-Head Wholesale Capital Markets at Edelweiss Capital told CNBC-TV18, "We have been positive on Tata Motors for sometime. There was recent disappointment in terms of higher capex number by JLR and that is where the market had reacted too, but given the current momentum at this point we continue to remain positive on the stock."

"The Jaguar Land Rover (JLR) numbers have been doing well. The stock has become expensive and we are still in a process of reviewing our recommendation on that. So far we have been positive and still from a business side probably momentum can continue for some more time. So correction we have seen is a reaction to the news flow and secondly to overall market sentiment, but we do think that it will hold on for sometime and some money to be made out here in next 2-3 quarters," he added.