Bajaj Auto top pick in auto space: SP Tulsian

Bajaj Auto remains top pick in auto space, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, “Bajaj Auto seems to have bottomed out. I agree that the things are not very good because the things are really very bad in terms of the off take and that is what we have been seeing in the monthly sales numbers also.” He further added, “Things are likely not to be seen as severely bad for Bajaj Auto as may be seen for the other two wheelers like may be Hero Motocorp or may be TVS Motor and stock having corrected and bouncing back quickly by about Rs 100 or so, so I will probably be picking up one stock that is Bajaj Auto at this stage.”