Buy Tata Motors: Devang Mehta

Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "We have seen the better part of the run of TVS Motor, the last one, one and a half years was a dream run for the stock and I think it is seeing healthy round of profit booking from a lot of investors that even we talk to. Currently if there is something to buy in the auto space then it is something like Tata Motors which in fact is playing out very well and the valuation at which it is available comparing it with peers."

"Its immediate peers like M&M or Maruti, I think Tata Motors looks to be a screaming buy rather than something like TVS Motors."