Stay invested in Mahindra & Mahindra and Tata Motors in the auto space: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities shares his views on auto space.

ET Now: What is your view on autos right now? Are you actively bullish on them too?

Neeraj Deewan: We have been invested in auto stocks like Mahindra & Mahindra and Tata Motors. However, we exited a little early on Maruti. We did not take the full benefit of the last rally. Still be invested in Mahindra & Mahindra and Tata Motors.

One needs to be invested in autos. If not sooner, may be six to nine months down the line, the interest rates should also start reversing. These are the stocks which will have benefits because of interest rate reversal and economic upturn.

If economy has bottomed and it is starting to inch up, they will get the clear benefit. I will prefer stocks which have a mix of commercial and passenger and stay invested in them.