Bullish on Maruti Suzuki: Avinnash Gorakssakar, Mintdirect.com

In an interview with RT Now, Avinnash Gorakssakar, Head of Research, Mintdirect.com, shares his view on auto space. Excerpts:

ET Now: I just wanted to get your sense on the auto pack, especially Maruti Suzuki at sub-2800.

Avinnash Gorakssakar: From a medium to long term view, Maruti definitely continues to be in a sweet spot. I would not be surprised that once we see the rate cut cycle happening, clearly demand which has already started showing positive signs would get a further kind of re-rating.

Clearly, Maruti in the passenger car space definitely looks good. One more thing to add would be even Tata Motors. Tata Motors stands to benefit quite significantly from the global as well as from the domestic cycle point of view. That is probably the reason we have seen lot of action even on the Tata Motors DVR in the last couple of days. Clearly, a good arbitrage opportunity for investors who want to actually play on the front line share.