Hero Motocorp may touch Rs 2600: Bhavin Desai

Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "Regardless of the fact that we are bullish or bearish, if we are bullish we are bullish, we like auto and Hero Motocorp is a part of auto stocks and if it is not bullish the entire market is bearish. Every time the market is in doldrums you have Bajaj Auto and Hero Motocorp are doing fantastically well. So, in either of the situations Hero Motocorp is one stock which should be there in your trader’s book.""Coming down to pin-pointing the reasons why we are liking this particular stock, we saw a spike few days back and in last couple of days while the markets were not doing too much, it has been holding on to the Rs 2,450 level and that actually creates a decent rate. Stoploss can be kept around Rs 2,445 to be specific and look for a target closer to Rs 2,600," he added.