Unicon Financial Solutions puts buy on Tata Motors
ET Now talks to Gajendra Nagpal, CEO, Unicon Financial Solutions on Tata Motors.
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| ET Now talks to Gajendra Nagpal, CEO, Unicon Financial Solutions on Tata Motors.
What are your views on Tata Motors? The numbers coming out from Land Rover have been fairly impressive but the stock really has given substantial returns, do you think it can go on further from here?
If you talk of JLR on a standalone basis it has turned the most of the analyst on the street and nobody expected the turnaround to come so soon. Domestically LCV business continues to remain robust and we have seen robust numbers getting posted on a month on month basis. We have seen stunning performance that has been coming.
On every correction now Tata Motors looks like an excellent buy. The stock fell very quickly from Rs 800 to Rs 700 but then it bounced back also quickly to reach to almost those level once again.
There is a definitely a strong institutional buying which is waiting to be happening in this counter the moment correction comes in. So to that extent Tata Motors still remain on my favourite list as far as auto space is concerned.
What are your views on Tata Motors? The numbers coming out from Land Rover have been fairly impressive but the stock really has given substantial returns, do you think it can go on further from here?
If you talk of JLR on a standalone basis it has turned the most of the analyst on the street and nobody expected the turnaround to come so soon. Domestically LCV business continues to remain robust and we have seen robust numbers getting posted on a month on month basis. We have seen stunning performance that has been coming.
On every correction now Tata Motors looks like an excellent buy. The stock fell very quickly from Rs 800 to Rs 700 but then it bounced back also quickly to reach to almost those level once again.
There is a definitely a strong institutional buying which is waiting to be happening in this counter the moment correction comes in. So to that extent Tata Motors still remain on my favourite list as far as auto space is concerned.
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