Buy Maruti Suzuki on dip, target of Rs 1840: Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "In Tata Motors, I still continue to see underperformance the way the rollovers have happened. Maruti Suzuki and Bajaj Auto are the big ones among auto stocks, which are showing the best rollovers. In Maruti Suzuki, 75 percent positions have been rolled. So more or less it will beat that 86 percent six months average rollover. So I see Maruti Suzuki at every dip as a buy and a target going forward of Rs 1,840 in the next series."

"Bajaj Auto also seems heading back towards that Rs 2,040 mark. So these two stocks will be my top picks in the auto sector. Tata Motors and Mahindra and Mahindra (M&M) will avoided," he added.