Watch the interview of Mayuresh Joshi of Angel Broking who shared his readings and outlook on specific stocks and sector & Harshvardhan Roongta of Roongta Securities answered few personal finance queries.
Below is the verbatim transcript of Mayuresh Joshi's interview with CNBC-TV18:
One should have a little bit of a larger time frame because the volumes in China are an issue for Tata Motors. Clearly the kind of discounts that they are meeting out, USD 8,000 odd, competitions, warnings coming down from BMW related to China sales, all pointing out to volume cuts in our own assumptions at least as the Chinese markets are concerned. So, in our opinion, jaguar should probably start holding up at least on the global scale, but EBITDA margins would take a hit. But again, valuations simply too attractive at this point of time.
If it declines, I think one should accumulate more quantity of Tata Motors and hold on to it. We are very optimistic on the stock with a one year time horizon with a target of Rs 489.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
