Buy Cummins India, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "In Cummins India, Rs 1,030 is my stop loss. The chart pattern suggests that the correction is over and if the market gives it a bit of a fillip Cummins can actually cross a Rs 1,080-1,100 mark as well. So, it is a buy and any dip till this time it breaks Rs 1,000 you can keep on accumulating. Its correction and consolidation seems to be over, so it is a good buy."Bajaj Auto would face resistances from Rs 2,617 -2,656. In my understanding Rs 2,650, let us call that as the cap as of now. That would be a very strong supply zone for Bajaj Auto. However, now the stock is actually close to a support area. I mean from Rs 2,525 to about say Rs 2,475 this 50 point zone is a strong support area for Bajaj Auto. It should attract buying at current level and it could even go up to Rs 2,600 may be not today may be tomorrow or something." "However, Bajaj Auto continues to look good until and unless it meets with supply pressure say once it crosses Rs 2,600 so for now keep a long position. If you find supply pressure coming in above Rs 2,600 book part and then hold with your position with a trailing stop say may be at Rs 2,580 or something."Cummins India's trailing 12-month (TTM) EPS was at Rs 28.20 per share. (Sep, 2015). The stock's price-to-earnings (P/E) ratio was 36.99. The latest book value of the company is Rs 104.13 per share. At current value, the price-to-book value of the company was 10.02. The dividend yield of the company was 1.34 percent.