Saurabh Mukherjea of Ambit Capital is of the view that one may prefer MRF in the tyre space.
Saurabh Mukherjea of Ambit Capital told CNBC-TV18, "We have been buyers of Apollo Tyres till last week and last week we turned sellers in it because we believe the rally factors in the positives quite comprehensively. We do not cover other tyre stocks, but if we had to choose one tyre stock as a structural play on the recovery I would look at MRF quite carefully, it is an interesting company with a high quality franchise."
At 12:13 hrs MRF was quoting at Rs 23,721.10, down Rs 96.30, or 0.40 percent.
The share touched its 52-week high Rs 24,666 and 52-week low Rs 12,298.80 on 11 June, 2014 and 08 July, 2013, respectively.
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