Bullish on Tata Motors in auto space: Jagdish Malkani

In an interview with ET Now, Jagdish Malkani, Member, NSE & BSE, shares his views on auto space. Excerpts:

ET Now: What else in the auto ancillary and the pure auto ancillary play is something that still looks good for a buy because the space has run up so much?

Jagdish Malkani: Frankly, there is hardly anything that leaps out. In auto space, I still think the giant Tata Motors is turning and JLR still is doing reasonably well. So Tata Motors and possibly Force Motors also is interesting but it has run up too far, too much from my liking and I don't prefer Bajaj Auto at these levels, it is starting to turn in the two wheeler space. So I would stick to the main fellows. In ancillaries, things have run up too much for my liking.