Gautam Trivedi, Managing Director and Head of Equities of Religare Capital Markets likes Tata Motors, Bajaj Auto and Mahindra & Mahindra.
Trivedi told CNBC-TV18, “I would ask investors to look at the private sector banks if they do end up correcting a bit from here. Cement is another space that we like a lot and within the autos we like Tata Motors, Bajaj Auto and Mahindra & Mahindra.”
“We are starting to reach a consensus internally on whether Maruti Suzuki is a sell from these levels. And given how the yen has depreciated as much as 20 percent since October this stock has clearly been a beneficiary of that. So at some point the stock turns out to be a sell,” Trivedi added.