Positive on Maruti Suzuki and Tata Motors: Vikas Khemani, Edelweiss Securities

In a chat with ET Now, Vikas Khemani of Edelweiss Securities shares his views on Maruti Suzuki and Tata Motors.

ET Now: Between Maruti and Tata Motors, which is a better stock to own? For Tata Motors, it is JLR, for Maruti, it is weakness in the yen.

Vikas Khemani: From a recovery perspective, we would be more keen to look at Tata Motors at this point in time while in Maruti, we have been positive on both stocks frankly speaking and both are different plays. Maruti is a play on the cars and Tata Motors for commercial vehicle and if the recovery in the economy happens, commercial vehicles also will do well and from international perspective, JLR versus yen.

So we have been positive on both the stocks and it really depends on what the investors want to play but frankly speaking from our preference point of view, we prefer Tata Motors over Maruti and just again that can vary from the risk reward perspective but because we are expecting some amount of recovery in the domestic CV space over next 3 to 4 quarters and that could lead to somewhat positive movement for Tata Motors but again as I said that both stocks we are fairly positive at this point in time.