Buy Tata Motors, says Mahantesh Sabarad of Fortune Equity Brokers.

Sabarad told , "I have a buy rating on the stock. If you look at the recent quarter, December quarter, we think they can do reasonable profits. Although it will be sequentially down our forecast is about Rs 1850 crore at the bottom-line levels on a consolidate basis. So that is a sequential drop but then it is still strong year on year growth. Previous year they were still struggling with JLR in terms of turnover. Last three quarter JLR has registered superb turn around, so that is the kind of numbers we are looking at."

He further added, "In terms of FY12 expectation, we think they can do in terms of EPS around Rs 110 so that is consolidated basis again, so that is fairly good."