Market is over reacting: Rajnish Kumar, Fullerton Securities & Wealth Advisors Ltd
to Tata Motors' result is probably not entirely justified. We think it is at this price, probably still it is a good buy if you are a long-term investor, so to my mind it is a bit of an overreaction as well.
By 
| Updated:
| Updated: Rajnish Kumar, Executive VP, Fullerton Securities & Wealth Advisors Ltd., in a chat with ET Now, gives his views on Tata Motors
What’s the market mood like because a lot of bad numbers that are coming out?
Yes, the market is quite sensitive to any bad news at this point in time. Fundamentally the overall sentiment is still pretty negative, so market is looking for any opportunity where it can beat down a stock if the news does not look good, so we have seen some of that reaction, though I would sense that the kind of response that we have seen to Tata Motors’ result is probably not entirely justified. We think it is at this price, probably still it is a good buy if you are a long-term investor, so to my mind it is a bit of an overreaction as well.
What’s the market mood like because a lot of bad numbers that are coming out?
Yes, the market is quite sensitive to any bad news at this point in time. Fundamentally the overall sentiment is still pretty negative, so market is looking for any opportunity where it can beat down a stock if the news does not look good, so we have seen some of that reaction, though I would sense that the kind of response that we have seen to Tata Motors’ result is probably not entirely justified. We think it is at this price, probably still it is a good buy if you are a long-term investor, so to my mind it is a bit of an overreaction as well.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
