The auto ancillary sector is likely to outperform, with expectations for the Nifty Auto Index to reach 15,000 levels. The tyre stocks are showing a lot of traction, with Ceat sitting at an all-time high level. This is why it is a preferred stock with a target of Rs 2,250-2,350. M&M is another recommended stock to have in the portfolio for the medium to long term despite not taking off. With recent retracement to 38% of its recent move, it is a good time to enter the stock.