May 07, 2013 07:34 PM IST | Source: CNBC-TV18

Short Hero Motocorp with long term view: Nitin Jain

According to Nitin Jain of Edelweiss Securities, Hero Motocorp might be a good short bet from one to one and half years point of view.

According to Nitin Jain of Edelweiss Securities, Hero Motocorp might be a good short bet from one to one and half years point of view.

Jain told CNBC-TV18, “I have been short on autos in particular. I still believe that two-wheelers particularly Hero Motocorp might be good short bet from a long-term point of view, from a one and half year point of view.”

He further said, "I don't see how these stocks can trade at 16-17 times earnings when earnings seem to be degrowing. So if you have ability to hold on I think shorting Hero Motocorp might not be a bad idea.”

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