Buy Reliance Industries, L&T, Tata Motors: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "Another five percent down in Maruti Suzuki India from here and I will pick up the stock. Lupin and Reliance Industries have fallen decently well. At these levels one should be looking at buying Reliance, Larsen and Toubro, Engineers India and Tata Motors. The list is huge.""This issue would be there in the shorter term but then if Maruti comes to levels say of about Rs 3,700-3,800, at those levels most of this adverse news which we are talking as of now would be priced in. So, at Rs 3,700-3,800 one should be looking at Maruti," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.