• SENSEX
    NIFTY 50
VIDEOS
Auto

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

Updated : October 20, 2020 04:44 PM IST

“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
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement