Prefer NMDC; buy Bajaj Auto, Maruti Suzuki on dips: Yogesh Mehta

Yogesh Mehta, Vice President-Equity Advisory at MOSL told CNBC-TV18, "For January series, ahead of Budget and earnings season would kickstart, we believe that metals sector stocks will have a good day in that series. So we are recommending on NMDC and Hindalco Industries in that series. And in auto, on decline we would be recommending to buy into Bajaj Auto and Maruti Suzuki."

Bajaj Auto ended at Rs 3,301.45, down Rs 34, or 1.02 percent.

The share touched its 52-week high Rs 3,381 and 52-week low Rs 2,556 on 26 December, 2017 and 02 January, 2017, respectively.

Currently, it is trading 2.35 percent below its 52-week high and 29.16 percent above its 52-week low.