Pick MRF, Apollo Tyres: Vishal Jajoo

Vishal Jajoo, Senior Equity Research Analyst at Nirmal Bang Securities told CNBC-TV18, "Since auto numbers have come good I would look at auto ancillary space and particularly companies like tyre where national level prices have corrected by more than 30 percent over the last one year and tyre stocks haven’t moved up over the last two or three months. We have seen a steep correction taking place in tyre companies, so my first pick would be MRF and second would be Apollo Tyres."

MRF ended at Rs 25,265.95, up Rs 1,251.15, or 5.21 percent. It has touched a 52-week high of Rs 25,344.