Prefer Tata Motors: Deven Choksey

Deven Choksey of KR Choksey Securities told CNBC-TV18, "Individual stocks have the disappointment also with the results. Hero Motocorp have also guided for little lower guidance also and the industry guidance is also relatively lower. So, certainly would try and put myself little away from this counter for the time being. The alternative choices in the market are available and that is where one would like to concentrate on. If one must concentrate in the auto space then in such situation, the commercial vehicles space looks relatively better compared to two wheeler space."

"I believe that in commercial vehicle space companies like Tata Motors could possibly have an edge over others particularly more because of the higher amount of volume coming up in this particular financial year because of infrastructure projects, mining projects, etc. So, from that perspective, my recommendation would be to stay with auto but preference would be to go with commercial vehicles," he said.