Tata Motors a good buying opportunity below 1000: Gaurang Shah, Geojit BNP Paribas Financial Services

Can you give us your take on Tata Motors?

We have upgraded Tata Motors from 940-980 levels to about 1170. You had news of weightage being on Tata Motors as far as the MSCI index is concerned. Numbers were quite a stellar and I think you saw thumbs up as far as the market is concerned on this particular stock.

I think anywhere below 1000 should be used as buying opportunity because you have seen good support at roundabout the earlier targets of 940 and 980. I do not think the stock is going to correct much heavily and given the outlook numbers from JLR and of course domestic front, I think it looks quite optimistic. As far as four-wheeler outperformance is coming, I think Tata Motors could be the one.