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Anish Damania of Emkay Stock Brokers is of the view that in the commercial vehicle space one can buy Tata Motors. It is a dominant player in 16 tonne and the 25 tonne segment and we are seeing greater potential for this stock to surprise on the upside.

Damania told CNBC-TV18, "If I were to buy anything in the commercial vehicle space, I would prefer to buy Tata Motors because if I were to look at it, economy is still going strong nothing wrong there, some financial troubles were there because the interest rates were high and maybe some delinquencies have stated on the lending front, so there was a slowdown there. But now when we speak to our banking channels inquires have started coming in for the 16 tonne and the 25 tonne segment in which Tata Motors is more dominant. If you look at it the inquires have picked up more in the north and therefore Tata Motors being a dominant player there, we are seeing probably greater potential for Tata Motors to surprise on the upside."

He further added, "Thirdly, as we go into the next year we will have a low-based effect so which would mean that you should see early better growth than most of the expectations. So today Tata Motors is underweight in most of the funds, so I would definitely start looking at this counter."

Source: Moneycontrol.com