Bajaj Auto and M&M strong stories in auto: Ajay Parmar

Particularly from the auto space any particular picks you have there?

Ajay Parmar: Auto as far as the larger companies are concerned I would stick to my call on Bajaj Auto which seems to be doing very well in terms of margins, in terms of market share and in terms of product profile. Their export business is also doing very well and to some extent they have been benefited by the expected news of split between Hero Honda so I think there is a divergent of investment from Hero Honda to Bajaj Auto.

Apart from that I like Mahindra & Mahindra it is a very good story on a domestic side and on the rural India. Another story we like is Motherson Sumi which is basically a global auto ancillary play and a very large auto ancillary play and seem to be giving a very good growth numbers at least for the last 3 quarters and we believe in the management and we feel that I think the management is capable to go up to at least 25% to 30% revenue growth every year and this can convert into a very big pat growth. So these are the 3 stocks I like in auto.