Buy Maruti Suzuki on dips, prefer Tata Motors: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "I would still stick to Tata Motors. Maruti Suzuki has been a stock which has given phenomenal returns to investors over the last 18 months. The point is should this dip be used as a buying opportunity, the answer is definitely yes. I overall like the auto story.""I would prefer Tata Motors because valuation wise it is attractive relatively. Also I would like to say that if Tata Motors delivers number what they delivered for the last quarter for two more quarters, I will not rule out the stock from making an all time high in the next two to three quarters."