Buy Maruti for Rs 1500-1520 target: Brics Securities

In a chat with ET Now, Abhijit Paul, Technical Analyst, Institutional Research, Brics Securities, shares his stock picks for the day.

What are you recommending to clients from the front liners from the index heavyweights?

If you are looking to buy something, either you go contra or look to buy strength. My pick would be to go for strength, and auto is one sector which has shown very good strength, which has led the entire bull market over the last 1-1.5 years. Within the auto space, Bajaj Auto seems to be the best pick because it has been trending pretty well. Apart from that, Hero Honda and Tata Motors are excellent buys and holds. But if someone is looking to buy with a better risk reward ratio, then Maruti looks good. The stock looks good for extension of a rally towards the Rs 1500-1520 mark.