Tata Motors driven by traction in JLR, have positive view: Dipen Shah

In a chat with ET Now, Dipen Shah, Senior VP-PCG Research, Kotak Securities shares his views on Tata Motors. Excerpts:

ET Now: The Tata Motors stock has been extremely volatile, but the November global wholesale numbers were not too bad actually. What do you advise an average investor to do in Tata Motors?

Dipen Shah: We have a positive view on Tata Motors and JLR, specifically is the area where we are very positive on. The results which have come in and also the profitability of that company are very significant and contribute a very large part of the overall consolidated financials of Tata Motors. With the situation in China and Europe stabilising -- I would not say it has improved significantly in Europe -- we are seeing JLR get more and more traction and based on the performance of JLR, we have a positive view on Tata Motors as of now.