M&M, Tata Motors top picks: Religare

Mahindra and Mahindra (M&M) and Tata Motors are top picks, says Manoj Singla, Religare Capital Markets.

Singla told CNBC-TV18, "On the auto side we like Mahindra & Mahindra. I think the rural side of the story continues to play out very well. They had a fantastic response to their new launches, where I think M&M is one of the best bets in auto space."
He further added, "We also do like Tata Motors. We think there will be positive surprises especially on the Land Rover side from Tata Motors over the next few months. We think the market consensus has become too bearish on that. So both M&M and Tata Motors are our top picks."