Tata Motors is looking good at 1500: Apurva Shah

Apurva Shah, Vice President & Head Institutional Research, Prabhudas Lilladher in an interview with ET Now talks about Tata Motors.

You also have a call on Tata Motors...

Tata Motors is a company where almost all the business segments are doing well. You have seen very smart improvements over the last two years in the JLR subsidiary and that continues to do well including the latest month numbers.

We are quite positive on the entire JLR turnaround. Their margins are already at 17%. They are likely to at least stay there and may be even improve somewhat in the next couple of quarters. So JLR is doing extremely, domestically our sense is that you will see the CV cycle continue to do well over the next 12 to 18 months at least and may be little longer than that.

You can expect about 12% to 15% MHCVs and 20% in LCV. Even on the car front they have started doing well on Nano and the indica platform is doing all right. As a company it is doing well on almost all accounts. On the whole this stock is looking good for about 1500 in my opinion.