Betting more on stock valuation of Maruti: Nitin Raheja

In a chat with ET NOW, Nitin Raheja, Chief Investment Officer, AQF Advisors, says stock valuation of a company is relative to its peer group.

ET Now: What would you like to buy in autos because Maruti is the easy bet if you are betting on Indian economy to bounce back. What else is left then?

Nitin Raheja: The stock that we are looking at from the auto perspective really is, if you were to buy Mahindra & Mahindra or we would even look at something like an Escorts where the valuation we think is quite cheap as such. But we are not necessarily positioning.

The tractor demand is one part of it but just sheer valuation at where the stock stands is relative to all its peer group is the other thing that we are betting on.