Prefer Tata Motors, Bajaj Auto: Emkay Global

Prefer Tata Motors and Bajaj Auto in the auto space, says Sandeep Singal of Emkay Global Financial Services.

Singal told CNBC-TV18, "In the auto space clearly we have Tata Motors as one of the best pick in the four wheeler space and Bajaj Auto because of its sheer cash generation ability and the kind of markets it has. I would prefer these stocks at any point in time to buy for a pure trading gains at least."
He further added, "In capital goods and engineering space, we are preferring Thermax, L&T over  BHEL or Siemens etc so there I would align my portfolio closer to L&T and Thermax."