Bajaj Auto may touch Rs 2250, says Anu Jain

Anu Jain of IIFL Pvt Wealth Management told CNBC-TV18, "In the auto space Bajaj Auto looks the best. Hero Motocorp has moved up and can look strong for sometime."

"At Rs 2119, if Bajaj Auto doesn't break then one is looking for at least Rs 2160. If it crosses that then it can touch Rs 2250. So between the three the pick still remains Bajaj Auto," Jain adds. At 11:03 hrs Bajaj Auto was quoting at Rs 2,104, down Rs 15.10, or 0.71 percent. It has touched an intraday high of Rs 2,129 and an intraday low of Rs 2,095.40. The share touched its 52-week high Rs 2,228.95 and 52-week low Rs 1,704.95 on 03 January, 2013 and 04 April, 2013, respectively. Currently, it is trading 5.61 percent below its 52-week high and 23.41 percent above its 52-week low. Market capitalisation stands at Rs 60,882.82 crore. Also Read: Will hike prices by Rs 500-5000; worst over: Bajaj Auto