Tata Motors
CMP 427
Generally we stay away from the crowded stocks which is discussed by every Tom ,Dick and Harry.
And especially at these kind of levels where everything about the company is well discovered as we’re not in slow- compounding game (we don’t want to become rich slowly )
And over that they’re not in some breakthrough/disruptive technology sector.
As far as chart is concerned- it is just gyrating in a range for last 15-16 months.Not sure whether it is in S-1 or S-3 stage.
Unless and untill it breaks the triangle on either side, we don’t expect any significant movement.
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