Market expert SP Tulsian of sptulsian.com has issued a buy call on auto stocks such as Maruti Suzuki, Escorts and Mahindra & Mahindra.

Share Market Live

NSE

"The month-on-month performance of all these companies is not seen to be bad. Two-wheeler stocks have all shown month-on-month improvement; that was the theme of picking up this auto stocks. But one has to avoid Tata Motors in spite of the sympathetic upsurge in all the auto stocks. It should be selective buy coupled with three two-wheelers -- Bajaj Auto, Hero MotoCorp and TVS Motor,” he told CNBC-TV18.

Talking about chemical sector he said, “We are keeping a positive view on the chemical sector but we need to be choosy and selective while taking a call on these stocks.”

According to Tulsian, owing to plastic ban the demand for paper has risen in Europe and the US and that is the reason why South East Asian countries have started diverting their exports more to the US. This will be good news for the Indian paper manufacturers.

Disclaimer

: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.