Tata Motors, M&M favourite among auto stocks: Sanjiv Dhawan

In a chat with ET Now, Sajiv Dhawan, MD, JV Capital Services, shares his views on the outlook of auto stocks.

What would you pick from the automobiles pack - Tata Motors, Ashok Leyland or Maruti?

We are looking totally at auto from a traders' perspective and we like M&M and Tata Motors. Tata Motors has had a very good run-up over the last couple of months. It paused again you saw yesterday, it had its up move. M&M is in a bit better position. From the fundamental side, there is a lot of demand. The suppliers of these companies are struggling to meet their demand. And, institutional interest will be there, traders interest will be there. Short sellers would look to sell the stocks and could again get badly stuck. So, from a traders' perspective, you can look at any of these stocks. Tata Motors and M&M are our picks.