Buy Bajaj Auto, says Ashwani Gujral

Gujral told CNBC-TV18, "Bajaj Auto is now catching up with Hero Honda and made a fresh high, which is a good thing. Although other auto stocks are now kind of sideways, so auto has some momentum and there are pockets which are doing better than others. So we buy this with a stoploss of about Rs 1680 and expect a target of about Rs 1810.”

At 10:19 am, the share was quoting at Rs 1,744, up Rs 19.50, or 1.13%. Currently it is 320.24% above the 52-week low of Rs 415.