Bajaj Auto, Hero Motocorp look good at current levels: Bhat

Bajaj Auto and Hero Motocorp are looking good at current levels, says Dilip Bhat, Joint MD, Prabhudas Lilladher.

Bhat told CNBC-TV18, “People are expecting that the rate cuts would happen. To some extent that is really getting factored in. So, whether it is any of the automobiles or whether it is the infra companies, both of them have shown some kind of movement. It is the infra companies where probably it is not just about the rate policy, but also whether the RBI would probably announce a package of policies just to ease a bit about their problems which they are facing and probably borrowing from the overseas would become a lot more easier, FDI into them would become a lot more properly done.”
He further added, “Infra companies really appear to be a lot better placed to capture that particular advantage of the move which possibly could happen. As far as the auto pack is concerned we can see that something like Mahindra still looks good and probably in the two wheelers Bajaj Auto and Hero Motors. Hero Motors despite the fact that there is so much of unsold inventory, I would still think that both Bajaj Auto and Hero Motocorp still look pretty good and interesting."