Maruti stock to witness selling pressure: Rohan Korde, Anand Rathi Financial Services

In an interview with ET Now, Rohan Korde, Anand Rathi Financial Services, shares his views on the auto basket. Excerpts:

ET Now: Maruti this month has been very volatile. What is the view on the stock?

Rohan Korde: We expect the weakness in Maruti to continue in demand terms. The movement in yen is also negative for Maruti but you also have to consider the non-fundamental factor as being the reason why the stock had move up in the first place.

We expect the demand to be under pressure at least in the first half of the year. Hence, with volume being under pressure and the adverse movement on currency front as well, the stock should see some selling pressure.

ET Now: Run us through your top picks within the sector.

Rohan Korde: I like Mahindra, Bajaj Auto and after the correction, Tata Motors is looking attractive.