Buy Tata Motors, bullish on Maruti: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "On the auto side, we are bullish on Tata Motors as well as Maruti Suzuki India. Tata Motors has already declined from Rs 450 level to Rs 310 but now the setup shows on the technical front that once it crosses Rs 336 on the spot price, it seems to be a buy with the immediate target of Rs 349 keeping a stop loss of Rs 332.""In Maruti, we have seen a decent rally yesterday as well as today. We are looking at Rs 4,350 as a target keeping a stop loss of Rs 4,180," he said.