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Buy Bajaj Auto, says Ashu Madan

According to Ashu Madan of Religare Securities, one may buy Bajaj Auto with long term view.

July 29, 2016 / 16:16 IST
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Ashu Madan of Religare Securities told CNBC-TV18, "Bajaj Auto's quarterly numbers were not that great and they were a little disappointing but the future outlook looks positive. Their domestic market, they are confident of gaining market share back. Probably Egypt and Nigeria sales number could increase and recovery on those markets can improve the numbers. So, they are pretty confident and I feel that in the long-term the stock holds a lot of promising value.""If somebody wants to buy now, its little courageous move, but one can still buy. But the caveat that one should buy 50 percent right now and if it dips further, one should average it out. And the target should be long-term. This stock is not something that immediately on short-term basis, one should expect some returns," he added.

first published: Jul 29, 2016 04:16 pm

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