Buy Tata Motors with a target of Rs 445: Gaurang Shah
Even from short term point of view if somebody is wanting to buy into Tata Motors, we would recommend that 410, 420 should be the target.
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In a chat with ET Now, Gaurang Shah, VP, Geojit BNP Paribas Financial Services, shares his views on Tatat Motors.
ET Now: One stock that you are asking your clients to either go on and buy never mind the index level or one stock that you are recommending clients to just go out and sell.
Gaurang Shah: Well Tata Motors is the one that we have been recommending clients to go on and buy even on a bad day. The stock did hold out and was in the green, so 445 is target on Tata Motors.
Even from short term point of view if somebody is wanting to buy into Tata Motors, we would recommend that 410, 420 should be the target from short to medium term point of view.
The one that we are recommending a sell is a straight outright BHEL that we just spoke a while back and like I mentioned, the life beyond 155, 160 looks very, very difficult for BHEL.
ET Now: One stock that you are asking your clients to either go on and buy never mind the index level or one stock that you are recommending clients to just go out and sell.
Gaurang Shah: Well Tata Motors is the one that we have been recommending clients to go on and buy even on a bad day. The stock did hold out and was in the green, so 445 is target on Tata Motors.
Even from short term point of view if somebody is wanting to buy into Tata Motors, we would recommend that 410, 420 should be the target from short to medium term point of view.
The one that we are recommending a sell is a straight outright BHEL that we just spoke a while back and like I mentioned, the life beyond 155, 160 looks very, very difficult for BHEL.
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