Positive on Tata Motors, Bajaj Auto; buy Maruti on dips: Choksey

Deven Choksey of KRChoksey Investment Managers told CNBC-TV18, "It is a great run indeed for Zee Entertainment and valuation wise also the stock is fairly rich. Certainly, I think it is a leader and it is only one in the listed space where you find the kind of the dept available in the market for investors to get into. So, certainly I think it deserves its own kind of its premium. If you look at the results possibility in this particular quarter, both on quarter over quarter as well as on year over year basis the growth is going to be between 11-13 percent. That is how I will look at the results and probably if I look at the numbers then the EBITDA could be around Rs 400 crore in this particular quarter vis-a-vis Rs 350 crore in the last quarter or Rs 350 crore in the similar period in the last year." "From that perspective, you are seeing a definite, around 12-13 percent kind of a growth and the market is factoring to a greater extent. This is the only company in this space where you get the dept in the market to add this stock into the portfolio. That is where you deserve the premium and the company is getting one," he said."Certainly, I would remain positive on likes of Tata Motors, Bajaj Auto and even for that matter Maruti Suzuki which has corrected significantly. For some technical reasons if Maruti has to go down that would be a buy opportunity."