Tata Motors, Ashok Leyland could be decent buys: Ambareesh Baliga, Market Expert

In a chat with ET Now, Ambareesh Baliga, Market Expert talks about CV cycle and shares his outlook on autospace.

ET Now: It is not surprising that some of the companies might want to raise money and this is probably the best run that Ashok Leyland has had. But the people are talking about the CV cycle turning as well -- 1) What do you make of that and 2) The fund raising plan of Rs 750 crores via QIP?

Ambareesh Baliga: I do not think 10% dilution is too huge. People will take that in the stride. And yes, the CV cycle is expected to turn up. From January-February onwards, we should see better days for most of these HCV, LCV manufactures. So that is one of the reason why I said I have turned bullish on Tata Motors. Tata Motors and Ashok Leyland could be decent buys in this space.