Buy M&M on dips, wait and watch for Tata Motors: Gaurav Doshi, Morgan Stanley PWM

In a chat with ET Now, Gaurav Doshi, VP Equity Specialist, Morgan Stanley PWM, share his views on auto stocks.

ET Now: Are you looking at buying M&M and Tata Motors on every decline?

Gaurav Doshi: M&M is not giving an opportunity to enter while Tata Motors at current levels looks very attractive. The only concern is that we are keeping an eye on what is happening in Europe and the US. If we do see a significant slowdown there then it may dampen expectations on Jaguar Land rover sales which will make us a get us a better entry opportunity into Tata Motors. So we are taking a wait and watch approach on Tata Motors while M&M any dip we are buyers.