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videos | IST

Rally in Hero Moto, Bajaj Auto, M&M done with; won't sell TaMo: Kedianomics

“Hero Moto, Bajaj Auto, Mahindra – all of them are done with and over the next two quarters I will see them substantially down,” said Sushil Kedia, founder of Kedianomics in an interview to CNBC-TV18.

“Hero Moto, Bajaj Auto, Mahindra – all of them are done with and over the next two quarters I will see them substantially down,” said Sushil Kedia, founder of Kedianomics in an interview to CNBC-TV18.
Speaking further about autos, he said, “Hero, Bajaj – just when the market jostles they kick up a percent or two higher. The long-term pattern for the rally of 2020 are complete.”
“Some varieties of technical analysis tend to speak ahead of the time, so I am talking of a couple of quarters’ horizon - Hero Moto, Bajaj Auto, Mahindra – all of them are done with and over the next two quarters I will see them substantially down,” he added.
“However, Tata Motors within the auto pack is one stock I don’t want to sell,” he further added.
For more, watch the video