Buy Tata Motors, target Rs 536: Vinod Nair
Tata Motors is India's largest CV manufacturer with 52 per cent market share in M&HCV segment. The domestic M&HCV segment is going at a faster pace registering a growth of 26.5% in FY16.
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| Updated:
| Updated: Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services Ltd, has given a buy rating on Tata Motors (TAMO) at a target of Rs 536.
Tata Motors is India's largest CV manufacturer with 52 per cent market share in M&HCV segment. The domestic M&HCV segment is going at a faster pace registering a growth of 26.5% in FY16.
The reduction in the interest rate will give a key to unlock the private spending in the infra projects and this will further increase the demand for M&HCV sales.
Lower interest scenario will lead to higher spending in PV segment along with the implementation of seventh pay commission.
Tata Motors is India's largest CV manufacturer with 52 per cent market share in M&HCV segment. The domestic M&HCV segment is going at a faster pace registering a growth of 26.5% in FY16.
The reduction in the interest rate will give a key to unlock the private spending in the infra projects and this will further increase the demand for M&HCV sales.
Lower interest scenario will lead to higher spending in PV segment along with the implementation of seventh pay commission.
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