Recommend Bajaj Auto among other auto stocks: Daljeet S Kohli

In a chat with ET Now, Daljeet S Kohli - Head of Research, IndiaNivesh Securities Private Limited, shares his views on market outlook.

ET Now: Do you like the whole CV segment; even for Tata Motors, do you like that segment and are you bullish and recommending these stocks to your clients?

Daljeet S Kohli: We are not recommending these stocks to our clients. I would be more inclined to look at Tata Motors because I find them to be much more bigger beneficiaries and more stable player in CV segment.

Right now whatever has been there, it is only because of JLR but once we miss that at a lower level 350-400 we exited Tata Motors since then we have not entered back into Tata Motors. So we might look at once CV cycle comes back.

Within the auto space, we like Bajaj Auto because we feel that there is a catch up to happen from the domestic market but they are well placed in exports. So, as of now when the stress is on the domestic market, it is getting compensated by exports and the moment both these things start moving in the same direction, we will see a big jump up in them again.

Bajaj Auto could be a good play to entre in at this time and then the auto ancillaries you can play probably Exide Industries or Lumax Auto Technologies, there we have a buy rating.