Forex – EUR/USD almost unchanged, near 1-week highs

Deven Choksey, MD of KR Choksey Shares & Securities told CNBC-TV18, “Tata Motors remains an interesting opportunity for investment portfolio, given the kind of Jaguar Land Rover (JLR) launches that they are having in the global market and the kind of growth that one could expect out of that. Tata Motors could probably have another better year in 2014 with the number of new cars coming up from JLR portfolio which is more value-added.”

He further added, “At the same time in the domestic market given the kind of new launches which are lined up out here, it is quite possible that the downward fall in the portfolio of passenger vehicles would get arrested. At the same time with the pick up in the commercial activities one should see the commercial vehicle segment turning back to some kind of a good numbers.”
“At this point of time, Tata Motors is offering a good opportunity. The stock has already corrected and probably one could add that stock into the portfolio with a one year target price of around Rs 440-450,” Choksey said.