Buy Tata Motors: Sandip Sabharwal

Jun 26, 2013, 06.27 PM IST

Sandip Sabharwal of Prabhudas Lilladher feels that current levels should be good levels for buying Tata Motors.

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Sandip Sabharwal of Prabhudas Lilladher feels that current levels should be good levels for buying Tata Motors.

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Buy Tata Motors: Sandip Sabharwal

Sandip Sabharwal of Prabhudas Lilladher feels that current levels should be good levels for buying Tata Motors.

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Sandip Sabharwal of Prabhudas Lilladher told CNBC-TV18, " Tata Motors has seen a correction in the stock price. The impact in China is something which we have to see how it plays out because my personal view is whatever is happening in China is largely to control macro economic risk rather than create a huge downside economic growth out there."

"We will have to see how the data plays out. But I think Tata Motors has benefited due to the weakness of the British pound over the last four-five months and that should continue going forward. Although in recent times the pound has bounced back so, considering all that into account I would say that current levels should be good levels for buying Tata Motors," he added.

Also Read: Tata Motors' passenger unit eyes 3% growth in market share

Harmonis Hubungan