Bajaj Auto can touch Rs 1655: Thukral

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Bajaj Auto can touch Rs 1655: Thukral

Bajaj Auto can touch Rs 1655, says Hemant Thukral, Asian Markets Securities.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Hemant Thukral See what other Experts & Brokerages are saying about Bajaj Auto See messages about Bajaj Auto Bajaj Auto BSE | NSE 10/02/12 Are Mutual Funds betting on Bajaj Auto?

Bajaj Auto can touch Rs 1655, says Hemant Thukral , Asian Markets Securities.

Thukral told CNBC-TV18, "Bajaj Auto belongs to a sector which is showing very aggressive rollovers. All the four-wheelers have done good rollovers specially Maruti Suzuki. But this stock yesterday saw first round of very aggressive rollovers with stock moving up, cost of carry moving up telling that a lot of long positions have been rolled over. Now we feel that this stock can move back to Rs 1,655 levels, the previous high it had touched but traders have to keep a stoploss, so stop loss has to be maintained around Rs 1,465-1,470."