Hold Bajaj Auto, says Jagannadham Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited told CNBC-TV18, "It makes sense to hold Bajaj Auto unless one is really in need of money, but I feel it makes perfect sense to hold onto the stock, nice stock and after Hero Honda break up Bajaj is definitely getting its due share of advantage. Having said that, the overall is under little slowdown, but that’s a different matter, but I think it is worth holding on."

At 14:34 hrs Bajaj Auto was quoting at Rs 1,820, down Rs 1.80, or 0.10 percent. It has touched an intraday high of Rs 1,884.00 and an intraday low of Rs 1,801.
The share touched its 52-week high Rs 2,228.95 and 52-week low Rs 1,530.00 on 03 January, 2013 and 18 July, 2012, respectively. Currently, it is trading 18.35 percent below its 52-week high and 18.95 percent above its 52-week low. Market capitalisation stands at Rs 52,664.80 crore.