Tata Motors best bet, states Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities informed CNBC-TV18, “I think in Escorts along with Mahindra and Mahindra (M&M), the positive is basically agro associated and monsoon is good. However, on the whole, I personally feel whatever I understand from the industry is that the numbers on the whole for the next one or two months might not be excellent specifically as far as passenger and perhaps even for industrial goes.

Everything is in the cost, maybe for the time being yes but this is a sector which once again might remain in focus in favour with the market.” “The point is exactly what do you purchase.

Tata Motors is my best option; I am still not going against it. I think it is extremely hard to examine the effect already however I personally feel that devaluation of pound is going to benefit Tata Motors definitely in the short run,” he said. “As far as the longer run goes, we have to understand as to whether this appreciation will offset the tariff barriers and the trade barriers which will come between Europe and Britain as and when Brexit comes into place,” he included.