BTST on Ashok Leyland: Deepak Mohoni, Director, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about the auto space.

What is your take on the larger auto stocks like Tata Motors and Mahindra & Mahindra, Hero Honda? Would you recommend going long in any of these large-cap auto stocks?

They fall into different classifications in a way because you get a Bajaj Auto or a Hero Honda, they are good defensives. So if the market is showing weakness, good stocks to switch into. Tata Motors has been holding out reasonably well but it could be a little vulnerable if this decline catches momentum. As far as momentum is concerned, probably the stock is not the largest of them but having a good finish today, even a BTST would be on Ashok Leyland. It is finishing off pretty well today.