Tuesday, 4 November 2008

Tata Motors can test Rs 250: Mathew

Technical Analyst, E Mathew is of the view that Tata Motors can go to Rs 250.

Mathew told CNBC-TV18, "Tata Motors charts certainly looks promising from a pure trading angle not from an investment angle. It has the scope to go up to about Rs 250 and if you stretch it to Rs 280. Given the choice in this sector, I would any day prefer a Maruti. Both chartically and fundamentally, I think that stock looks far stronger than Tata Motors."

He further added, "It has become fashionable for everyone to thrash the real estate stocks and even I agree to that view. I feel an optimistic target in DLF could be around Rs 285 to Rs 290."

Disclosure: Analyst associate company has sold out of money calls.

Source: Moneycontrol

Posted by Harsh at 06:42

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