Go long in Maruti Suzuki, Tata Motors, Bajaj Auto: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "I am just hoping some kind of excise reduction on the automobile stocks. I will be taking a long call practically on all the automobile stocks Maruti Suzuki, Tata Motors, Bajaj Auto and Hero Motocorp. That has been the crying need of the industry and if you see the data I don’t think that one can afford to delay."

He further added, "The results have been fantastic. So, no reason for otherwise also to take a negative call. If you want to play safe then options are very expensive, but still for a small gain you can go for the option buying which I generally don’t advise."