- at current levels and on further dips the stock looks good from long term perspective (and I mean really long.... Can be looked for objectives like retirement planning, child education and so on...)
- it may not be easy road ahead.... (Challenges are Breexit impact on JLR, move towards electric cars, etc)
- but on the potentials and opportunities, with the launch of Harrier early next year we see TOT - transfer of technology (use of Land rover platform), potential improvement in brand image perception, development and work in progress in electric vehicle technology, and the fact that there is less than 50 cars per 1000 person in India reflects tremendous growth potential
- as any economy grows demand for premium and luxury cars come in to focus and with JLR and and potential TOT in future Tata Motors cars, we feel the company is having the right ingredients and product mix to make the most of it...
- coming back to charts in the short term 158-166 needs to be protected
- close above 175.6 may indicate Tata Motors to shift from reverse gear and move forward
- given the points above we see this stock as a buy on every dips
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