Prakash Gaba of prakashgaba.com recommends buying and holding Bajaj Auto as the stock can climb to Rs 3000.
Prakash Gaba of prakashgaba.com told CNBC-TV18, "Bajaj Auto has just given a breakout after seven days of consolidation. This morning it was Hero MotoCorp, now it is Bajaj Auto. I have a feeling it can climb to levels closer to around Rs 3,000 zones. It may take its own sweet time but this is a stock to buy and hold, very strong support is in the vicinity of Rs 2,870."Bajaj Auto was quoting at Rs 2,938.50, up Rs 68.15, or 2.37 percent. The share touched its 52-week high Rs 3,122.00 and 52-week low Rs 2,258.70 on 09 September, 2016 and 16 March, 2016, respectively.