Bajaj Auto may touch Rs 2070: Manoj Murlidharan Vayalar

Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "Bajaj Auto is trading at around Rs 2002-2005 and keeping a stoploss at Rs 1,992 we are expecting Rs 2,070 as of expiry."

"On Reliance Communications I guess Rs 170 Call Option is as cheap as 80-90 paise odd or even Re 1. One can buy that with no stoploss and we are expecting close to Rs 7 on that. So these would be the two strategies based on expiry which we are trading long," he said. Bajaj Auto 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 10.55 percent below its 52-week high and 16.95 percent above its 52-week low. Market capitalisation stands at Rs 57,696.89 crore. Also Read: Bajaj Auto shares rise; Credit Suisse says outperform