i have bought Tata Motors 270 Put and what's the result of it.
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Investors Can Buy Tata Motors 270 Put: VK Sharma
Stock market analyst VK Sharma, HDFC Securities, said that investors can buy Tata Motors 270 Put.
Sharma stated, "Tata Motors is one stock which has done well so far but yesterday it went down and it is on the verge of breaking the 5 day moving average. Now on a stock, where it is more interestingly rated than other peers.”
“So it could be under pressure either from news emerging out of China or at other places and the Puts are not very costly here, they are pretty liquid and also less costly. So 270 Put is available around Rs 5 and that can be bought with a stop loss at Rs 2 and a target of Rs 10."
Tata Motors scrip hit a 52-week peak of Rs 297.25 and 52-week low Rs 137.65 on 16 Mar, 2012 and 13 Sep, 2011, respectively.
At present, the stock is ruling -10.16% lower than its 52-week peak and 94.01% higher than its 52-week low.
Market capitalization remains at Rs 84,749.56 crore.
i have bought Tata Motors 270 Put and what's the result of it.
How do you like the 270?
