Parag Thakkar, Head of Sales at HDFC Securities suggests buying Maruti Suzuki, Mahindra and Mahindra (M&M), Rallis India and Bayer CropScience with a long term view.
Parag Thakkar, Head of Sales at HDFC Securities told CNBC-TV18, "Mahindra and Mahindra, Maruti Suzuki, Exide Industries from auto space, plus Rallis, PI Industries, Bayer CropScience and United Phosphorous from agrochemical space, are long term buys. but not very short term."
"Maruti Suzuki's marketcap is Rs 42,000 crore, Rs 8,000 crore cash, so again at Rs 34,000 enterprise value, you are getting a Rs 4,500 crore of operating cash flow plus it is a 39 percent market share. There is a lot of competition coming, but that is why the stock price is underperforming," he added.