Positive on Bajaj Auto, Hero Motocorp, Maruti: SP Tulsian

Sep 24, 2013, 05.51 PM IST

According to SP Tulsian of sptulsian.com, one may have a positive view on two wheeler space and also on Bajaj Auto, Hero Motocorp, Mahindra and Mahindra and Maruti Suzuki India.

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Positive on Bajaj Auto, Hero Motocorp, Maruti: SP Tulsian

According to SP Tulsian of sptulsian.com, one may have a positive view on two wheeler space and also on Bajaj Auto, Hero Motocorp, Mahindra and Mahindra and Maruti Suzuki India.

Like this story, share it with millions of investors on M3

Positive on Bajaj Auto, Hero Motocorp, Maruti: SP Tulsian

According to SP Tulsian of sptulsian.com, one may have a positive view on two wheeler space and also on Bajaj Auto, Hero Motocorp, Mahindra and Mahindra and Maruti Suzuki India.

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SP Tulsian of sptulsian.com told CNBC-TV18, "I am very positive on two wheeler space. Bajaj Auto and Hero Motocorp have really been holding. I don't think that they will be having any kind of problem but coming on the commercial vehicle I don't think that one should really take a call on the Ashok Leyland kind of stocks because we have seen a good run up today in the stock taking place but that may be ahead of the monthly sales numbers because in the next couple of months sales numbers are likely to be good whether one talks of passenger vehicles or two wheelers."

"I will remain away from may be stocks like Ashok Leyland and even though keeping a positive stance on two wheeler, I won't be too bullish on TVS Motor Company . I won't be keeping a bullish stance on Tata Motors also because the Indian operations are not contributing anything. They are going to have the shutdown of the plant for next five days and all that probably will again have to do with the liquidation of the inventory. They have been losing their market share, passenger vehicle market share and commercial vehicle segments are not really doing quite well. So, that is the reason of remaining away from Ashok Leyland and the Indian operations because whatever performance is coming in from Tata Motors is from JLR," he said.

"We have seen the resistance of about Rs 360 coming into the stock, that has been tested twice in this last may be one month or so which was its 52 week high also. So, positive view on four stocks like Bajaj Auto, Hero Motocorp, Mahindra and Mahindra and Maruti Suzuki India ."

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