Prefer Tata Motors, MM: Ambareesh Baliga

Nov 05, 2013, 04.14 PM IST

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services is of the view that one may pick Tata motors and Mahindra and Mahindra (M&M) from auto pack.

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Prefer Tata Motors, M&M: Ambareesh Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services is of the view that one may pick Tata motors and Mahindra and Mahindra (M&M) from auto pack.

Like this story, share it with millions of investors on M3

Prefer Tata Motors, M&M: Ambareesh Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services is of the view that one may pick Tata motors and Mahindra and Mahindra (M&M) from auto pack.

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Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services told CNBC-TV18, "I would surely suggest one to look at Tata Motors and Mahindra and Mahindra (M&M), both which will not get affected by the domestic sales especially Tata Motors because it is clearly Jaguar-Land Rover (JLR) which plays on that and M&M clearly is the rural demand, which will push the stock up."

"I think at these levels these are two stocks, which one should look at," he said.

On November 05, 2013 Tata Motors closed at Rs 395.15, up Rs 4, or 1.02 percent. It has touched a 52-week high of Rs 400.55.

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