CNBC-TV18’s Executive Editor, Udayan Mukherjee -

I think some of its earnings, which came out on Friday and a couple of triggers like the monthly number, which came in for autos, was quite encouraging for a few of them. I suspect the interest rate fears have just eased off a bit. So you have seen banks and autos actually come back a bit towards the end of last week. The near-term triggers might have been those twin triggers of interest rate expectations at least lending rate expectations just getting cooled down a little bit after the policy and the monthly numbers of Maruti, Hero Honda etc which looked pretty exciting. So those might have seen some focus come back to autos.

You might actually see an extension of that interest lingering for the next few days as well it’s possible these are not expensive stocks particularly stocks like Maruti. If they can rediscover a little bit more by way of volume growth, then I suspect you would want to look at some of these stocks. I think by way of volume traction and performance you would want to go to towards Maruti for four-wheelers and Hero Honda in two-wheelers they seem to be showing the better numbers. Tata Motors, I think eventually might come out particularly if the light commercial vehicles (LCV) numbers improve from here. This current month’s numbers are a bit soft because of lower exports. But Ashok Leyland may just be a cleaner way and a cheaper way to play severe recovery if that’s what you are betting on then Tata Motors, which is now just in the near-term will have to digest the JLR acquisition and that might rein in outperformance out there. M&M is a stock that has been moving up for the last couple of days. So that could be interesting as well.

But I suspect Maruti, Hero Honda, Ashok Leyland could be the favourites if this uptrend in autos continues.