Mahindra and Tata Motors best bet in auto space: Ketan Kharkhanis, ICICI Securities

Ketan Kharkhanis, Head of Active Trader Service, ICICI Securities, in a chat with ET Now talks about the Auto pack.

What about the auto pack because come festive season and yet again demand would pick up, yet again we will see all time monthly highs from most of these auto companies. Do you think the stock prices as well will support all of that fundamental growth?

I think yes there is still some more up move left in auto counters. Also, in addition to the auto counters, the auto ancillary counters at current levels look very interesting - especially something like an Exide Industries or Ceat Tyres. I think there is still some amount of up move left even in Mahindra & Mahindra also. So in this particular space Mahindra and Tata Motors appear to be the best of the bets to take.