RBS Asia Securities positive on Hero Honda

Parul Saini, Executive Director, RBS Asia Securities is positive on Hero Honda.

Saini told CNBC-TV18, "We have a mixed view there. We still like Mahindra & Mahindra and Tata Motors. On Hero Honda we are a bit more positive. On Tata Motors, the call is what the sustainable margins are going to be on the Jaguar-Land Rover (JLR) side. Our view is although, there might not be the 17% record in the last quarter but they will settle in 15-16% range. Given that assumption, the stock still looks attractively valued." He further added, "On M&M the call is it is still reasonably valued given the growth prospects. In terms of their portfolio of products, diesel still being deregulated, there shouldn