Buy Bajaj Auto, advises Pritesh Mehta

Pritesh Mehta, senior technical analyst at IIFL told CNBC-TV18, "TVS Motor Company is difficult to comprehend. In last three months we have seen an upside of 110 percent in TVS, so it is more than 100 percent in matter of weeks. So I will not be looking to buy this counter and the entire upmove has baffled me."

"It is better to switch over to Bajaj Auto which is looking attractive at current levels. It has gone through decent correction and now it is appearing at a good, strong support. So I would prefer to buy Bajaj Auto rather than TVS Motors or Ashok Leyland," he said.