Tata Motors may retest sub-Rs 300 level: Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari, talks where the Tata Motors stock is headed.

ET Now: Is the pain over for Tata Motors? Now is it only smooth sailing or do you think the stock may retest sub- Rs 300 level again?

Hemindra Hazari: It may retest sub-Rs 300 level. A lot depends on how the global market for vehicles does for Jaguar and Land Rover. I think China is slowing down rapidly. Even I do not think things are very optimistic on the European front. So, therefore, there could be some more pain for Tata Motors.