Prefer Tata Motors, Ashok Leyland contra bet: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "In four-wheelers, I would continue to remain with Tata Motors at number one and maybe Maruti Suzuki at number two. A contra call if I have to make which I make very rarely, I will go possibly with Ashok Leyland at the present price.""At the present price, I certainly see a lot of value in it. The stock has lost its momentum. Technically, not many will speak positive about it but at Rs 80-83 there is not much of downside and I see only upside on this stock. Maybe it will take its own time," he said.