Basudeb Bannerjee positive on Eicher Motors, Tata Motors

Basudeb Bannerjee, AVP-Research at Antique Stock Broking told CNBC-TV18, "We are positive on Eicher Motors, that has been our top pick for many years followed by Tata Motors. I will advise everybody to make use of these kind of corrections based on few quarters of hiccups here and there. So, in the largecap space we are positive on these two stocks."

"Maruti Suzuki has run up quite a lot, courtesy the new launch pipeline, the favorable Yen and the lower commodity prices. However, from launch pipeline perspective, from next two years, definitely Maruti will be our third best pick," he said.

"In the two wheelers, we are broadly neutral on TVS Motor Company and Bajaj Auto. Hero Motocorp has corrected a bit in last couple of weeks post the result. So that is giving a decent opportunity to add further."