Today Auto Index went up by 3.6% and all auto stocks were up by 3-5% but surprisingly Bajaj Auto went up by only 0.73%. All two wheeler stocks like Hero, Eicher, TVS etc closed well in green, Maruti made all time highs.
Budget focus on reviving rural demand is quite positive for two wheelers. Let's see if it goes to its previous highs or not. Buy with Stop loss of 2780 for targets of 2990 & 3120.
Instead of take off crash landing happened :-)
On the back of bad news (lower monthly sales nos.).