Hero Motocorp has target of Rs 2200: SP Tulsian

Sukhani told CNBC-TV18, “Hero Motocorp is an excellent chart. It’s been coming in our buy list when it rallied from Rs 1,800 onwards, so it’s done very well. This half an hour declines and dips are just that. They are random moves. The market sometimes reacts, half an hour later smart money comes in and sanity returns.”

He further added, “I don’t pay attention to these specially when it comes to blue chip companies. The market has rallied back. Hero Moto share prices have rallied back. We are looking at a target of Rs 2,200 plus for this stock in the current upswing. That should come about.”

“ Bajaj Auto ’s story is far more remarkable. Yesterday it was breaking down from a support level and it bounced back pretty handsomely. I think that’s a failed signal on the downside which actually makes it fairly bullish. So both these stocks should be held on if you own them and you look to by them at every opportunity. United Spirits is certainly giving bullish indications but given a lot of other factors and the fact that it fell when it’s being volatile I would stay away from the shares.”