Tata Motors (DVR) may test Rs 230-235: Krish Subramanium

Krish Subramanium of Asit C Mehta Investment is of the view that Tata Motors (DVR) may test Rs 230-235.

Krish Subramanium of Asit C Mehta Investment told CNBC-TV18, " Tata Motors (DVR) has just hit a recent life time high. So, my strategy would be very clear maybe buy a 200-210 strike Call and take the momentum or one could even do a covered call strategy of buying the futures and maybe selling a call or something like that. But, the trend seems to be clearly upside and closer expiry probably this should be heading higher maybe closer to levels to maybe Rs 230-235."

At 14:03 hrs Tata Motors (DVR) was quoting at Rs 218.20, down Rs 1.30, or 0.59 percent. It has touched a 52-week high of Rs 222.05.

The share touched its 52-week high Rs 220.90 and 52-week low Rs 121.40 on 02 April, 2014 and 07 August, 2013, respectively. Currently, it is trading 1.22 percent below its 52-week high and 79.74 percent above its 52-week low. Market capitalisation stands at Rs 7,001.56 crore.

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