Stock Talk: TS Harihar On Tata Motors, Ashok Leyland, MRPL
TS Harihar of HRBV Client Solutions spoke to NDTV about his outlook on markets and the stocks investors should have on their radar.
Stock Talk: (Watch the full interview)
Tata Motors: The stock has corrected from somewhere around Rs 550 plus down to about Rs 370-380. The stock has a lot of value for investors with a six month-perspective. China continues to be a concern, but I think that was well-known to everyone. Premium brands in China are revamping their strategies in favour of more local sourcing. JLR is doing the same. The Rs 360-380 range is a good one to start accumulating the stock.
Ashok Leyland: Quite impressed by the company's earnings. The stock has been languishing for a long time and may be poised for an upward breakout. It is the stock to watch out for.
MRPL: Roughly has 30 per cent exposure to Iran and if the Iran deal goes through and the sanctions get lifted, the company will be the big beneficiary. It has started moving from about Rs 71 to Rs 82. But even at these prices, the stock is quite attractive.
