Expect further correction in Tata Motors: Ambareesh Baliga

Jun 27, 2013, 12.27 PM IST

Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Expect further correction in Tata Motors: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services says that one may see further correction in Tata Motors as it seems to be overvalued.

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Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "I think Tata Motors is beginning to come off because we also see some amount of slowdown in China which was the marking market for Tata Motors."

"The domestic market hasn't been doing too well for them and for the overall auto sector for quite a while and that is also expected to continue at least for the next four-five months. So, even at these levels Tata Motors seems slightly overvalued and one could see further correction," he added.

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