How a Jio IPO could be a game-changer for telecom sector

From a valuation perspective, today people are valuing Jio at around Rs 750-800 per share for Reliance but as a standalone entity, it could get a 15% higher valuation because of the IPO, says Abhimanyu Sofat, VP-Research, IIFL.

On Tata Motors & other auto majors
In case of Tata Motors, two things caused the stock to go up yesterday. One was the buzz in the market about some deal with Tesla which the company denied at the end of the day and the second is the very strong numbers on the retail side for JLR. There was almost 20% growth in the China market.

The stock has been languishing for a long period. I would recommend buying the stocks below the Rs 200 level because we still are in early days in terms of understanding whether this growth is sustainable or not. But broadly speaking, going forward, the challenge that Tata Motors is going to face is on the margin side because raw material prices have been going up and that could be a big problem for the company.