Maruti Suzuki top pick: Prayesh Jain

Prayesh Jain of IIFL told CNBC-TV18, "I feel that Ashok Leyland has delivered better than what we were expecting. So, in that sense we will watch out for another couple of months. If they sustain to outperform our numbers then we might upgrade our estimates. However, otherwise more or less the numbers were in line."

"Maruti Suzuki showed a good set of volume performance, slight better than expectations but that is built-in in the price. Either ways in terms of top pick, Maruti would continue to be the one," he said.