According to Siddhartha Khemka, Tata Motors and Ashok Leyland are the preferred picks within the overall OEM space, with commercial vehicles performing particularly well. Although the IT sector has reported weaker results, midcap and tier II companies have reported strong numbers and growth outlooks. Pecking order for tech majors places TCS and HCL Tech in the lead among large caps and Persistent and Cyient among midcaps.