Buy Tata Motors around 160-165 levels: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd. shares his views on Tata Motors stock.

You buy the argument, maybe the interest rate cycle might be peaking out but buying into CV stocks at the current levels?

Current levels still seems slightly expensive because if you see Tata Motors, it has been holding on at these levels for a while, so I would be more comfortable buying Tata Motors closer to possibly 160-165 levels if it comes down to those levels again. We have recently seen levels of about 140, so I suppose 165 is possible in this stock.