Sandeep Wagle of powermywealth.com told CNBC-TV18, “Tata Motors DVR – the news is not very positive. The view is negative. I am looking at a downside. I expect the stock to move in the range of Rs 215-245 and if one gets Rs 240-245, one would be lucky. I would recommend an exit near those levels on a bounce back or in case Rs 215 is broken down then Rs 210, one has to keep a stoploss and exit.”
At 14:34 hrs Tata Motors (DVR) was quoting at Rs 223.40, down Rs 3.75, or 1.65 percent.
The share touched its 52-week high Rs 372 and 52-week low Rs 208.05 on 10 October, 2016 and 08 September, 2017, respectively.