Stay away from Bharat Forge, Motherson Sumi: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "I would be wary of plunging immediately into Bharat Forge and Motherson Sumi Systems. In Bharat Forge, the numbers have been tepid for the last couple of quarters and the way demand patterns are panning out in America, it is expected that it will take a good while for the volume growth to pick up. Although I think the Indian pie should be doing very well with the commercial vehicles on a trot doing very well for the last two years. But, I do accede that the prices have come down from their peak, but I would stay away from the stock for at least a couple of quarters." "Motherson Sumi has more or less consolidated. But I would wait it out and see the actual impact of any slowdown in orders from Volkswagen to Motherson Sumi which is still not evident in their numbers. But with a lag effect, it should be reflected in those numbers. So in both those stocks, I would stay away and be on the sidelines," he said."If one is willing to take a 12-18 months call, then Rs 1,200 looks likely in YES Bank."