Maruti Suzuki India a top pick: Religare

Maruti Suzuki India is a top pick in the auto space, says Manoj Singla, MD & Co- Head Product, Religare Capital Markets Ltd.

Singla told CNBC-TV18, "On a relative basis in autos, Maruti is a top pick. I also think Maruti will benefit from the yen depreciation, which again we think would happen through the year. So Maruti remains a top pick. After that we like M&M because there also I think the story in terms of a whole pharma sector and in terms of the whole monsoon expected to remain good, we continue to see good earnings. So we like Maruti and Mahindra in that space."