Wait and watch for Tata Motors: Sangeeta Purushottam

In a chat with ET Now, Sangeeta Purushottam, Managing Director, Nine Rivers Capital, shares her views on Tata Motors.

ET Now: Strategically how would you time your entry and exit from Tata Motors?

Sangeeta Purushottam: The valuations of Tata Motors at this moment are reasonably attractive. It has made a lot and it has basically bounced back from there on the back of recent numbers. There could be some more upside, but given that we have already seen a move of about 10% to 15% from the lows, I would just wait for a while. We are in the middle of the current rally that we are seeing and wait for a more opportune time because chances are that markets would go back to the earlier levels that had made or even below that.