SENSEX NIFTY
Sep 06, 2013, 11.19 AM IST | Source: CNBC-TV18

Cautious on M&M, positive on Hero Moto & Bajaj Auto: Bodke

Ajay Bodke, Head, Investment Strategy & Advisory of Prabhudas Lilladher is positive on Bajaj Auto and Hero Motocorp. "We see the rural demand coming back quite strongly post harvest. That is the reason why we are advocating switching over to the two-wheeler pack," he adds.

Ajay Bodke, Head, Investment Strategy & Advisory of Prabhudas Lilladher told CNBC-TV18, "We realised that the diesel price hike, which is imminent, as well as the fact that the utility vehicle (UV) business has slowed down quite significantly has made us cautious on Mahindra and Mahindra (M&M)."

"We prefer Bajaj Auto and Hero Motocorp because we see the rural demand coming back quite strongly post harvest. That is the reason why we are advocating switching over to the two-wheeler pack where valuations are also looking very reasonable," he added.

Also Read: August auto sales continue to disappoint; exports rise

Set email alert for
M&M Hero Motocorp Bajaj Auto

ADS BY GOOGLE

video of the day

See 7% GDP by FY17; like pvt banks, autos: Kotak's Prasad

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.