Hold on to Tata Motors: DD Sharma, Anand Rathi Securities

DD Sharma, Head of Research, Anand Rathi Securities spoke to ET Now on Tata Motors.

Tata Motors fundraising, 4700 crore, huge debt on the books as well. What's your view on the stock?

When your core business is doing well or starts doing well, then all other problems could be solved very easily. Tata Motors' core business of commercial vehicles is doing extremely well and it will continue to do well looking at the economic growth, because the commercial vehicle sale is directly linked to the economic activities in the country.

So Tata Motors is doing well and now they are planning to raise funds to retire some of the big debts and if this company can do that, then the valuation should improve further. So one can hold on this stock.