Modern Shares technical expert Anil Manghnani has suggested buy call for Tata Motors on every decline.

He feels that Rs 285 will be a good point to enter the stock and add on every decline. Tata Motors is hovering around its 52-week high of Rs 320 these days.

Indian stock markets recovered today after a negative start. Indian currency also gained against USD after RBI took action to keep USD under control.

In recent developments, Fiat has ended its distribution contract with Tata Motors. Tata Motors also witnessed a fall of 7 per cent in sales during April 2012.

Tata Motors closed today at Rs 308 with a gain of 2.19% on NSE. The stock touched an intraday low of Rs 291. At current price, the stock is trading with P/E of 78.