Hold Maruti Suzuki and Tata Motors: Deepak Mohoni

In a chat with ET now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on the outlook of Maruti Suzuki, Tata Motors and TVS.

Where do you see Maruti Suzuki and TVS heading from their current levels?

Maruti is probably the most defensive among the auto stocks, by which I mean that if there is a severe market correction, the percentage fall in Maruti would be generally less. It is not very volatile and it has by and large maintained a sideways profile in the last year-and-a-half or so. It is not trending up like Tata Motors, which was the runaway mover. So, I would think it is a safer stock to hold right now but should things improve in the market, Tata Motors would be the way to go.

TVS has shown a lot of volatility on the downside. Same is the case with Escorts. These stocks are in longer term downtrends, and should not be picked up right now.

Tata Motors may still be a hold in spite of the sharp falls we see in it occasionally.