Go long in Tata Motors, says TS Harihar

TS Harihar of HRBV Client Solutions told CNBC-TV18, "I would honestly prefer to stick to Tata Motors because Ashok Leyland has appreciated quite a bit. The margin of safety on Ashok Leyland seems to be quite limited. On the other hand, Tata Motors has corrected from about Rs 620 down to about Rs 530-540 and with Jaguar still doing so well and contributing so much, let us not forget that among all these large acquisitions that were made about five-six years back, JLR is probably the only acquisition that has made money for the Indian company."

"We believe that at current prices, if I was to take a bet on the overall heavy vehicle space, Tata Motors would take precedence over Ashok Leyland at these prices. So I would definitely take a long bet on Tata Motors," he added.