Tata Motors to see moderate upside, says Rajen Shah

In a chat with ET Now, Rajen Shah, Chief Investment Officer, Angel Broking shares his views on Tata Motors.


ET Now: How did you analyse Tata Motors' numbers?

Rajen Shah: Jaguar Land Rover has saved the day for Tata Motors. This segment will continue to do very well. Commercial vehicle business will see continued stress at least for the next six months, but the company should report about Rs 28 earnings. Certainly, it is not a stock to be sold at about 10 times. There could be moderate upside in Tata Motors.