Tata Motors' total sales in February grew by 2 percent year-on-year, backed by passenger vehicle sales, though commercial vehicle segment degrew 1 percent. The company sold 47,573 vehicles in February against 46,674 vehicles sold in year-ago month.
Many brokerage houses are BULLISH on the scrip -- Motilal Oswal has given a medium term target of Rs.653, while Credit Suisse has maintained outperform rating on Tata Motors after arm Jaguar Land Rover launched its fourth model the Range Rover brand called Velar News.
3. Buy the shares of Reliance Capital Ltd at Rs.543-544, T: Rs.560-572, SL: Rs.536. Reliance Capital Ltd, has sold its nearly 1% stake in popular digital payments firm Paytm for Rs.275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.