Wait and watch for Tata Motors: Rajan Malik

Rajan Malik, Head Equities, Private Client Group, MF Global, talks to ET Now on various stocks.

At what price point, you would like to buy Tata Motors as a stock?

I would not attribute any price points right now. I would like to see what happens to the management. It is so difficult sometimes to say that we will buy this stock at a given point.

Whenever there is a problem like this, you are looking for clarity and if that clarity does not come, that price point really becomes immaterial, so let the clarity come in and then maybe we could look at Tata Motors.

Having said that maybe anything 15-20% lower, Tata Motors will certainly want some bit of nibbling.