1850 to 1875 odd levels good point to pick up: Fayeza Hafizee
Similar to Maruti, even Hero Honda would trade in a range variety with maybe 1850 to 1875 odd levels being a good point to pick up and 1960 being a good point to be exiting the stock.
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| In a chat with ET Now, Fayeza Hafizee, Vice President, Institutional SalesIntime Spectrum Securities Ltd, talks about Hero Honda stocks. Excerpts:
What about Hero Honda?
It is in line with what we would believe about most auto majors today that volume growth is tapering out, markets need to readjust expectations and the stocks however have risen dramatically over the last 1 year. So I do not see too much play coming into auto stocks from hereon. Similar to Maruti, even Hero Honda would trade in a range variety with maybe 1850 to 1875 odd levels being a good point to pick up and 1960 being a good point to be exiting the stock. So that would be my call on Hero Honda and most of other auto counters as well.
What about Hero Honda?
It is in line with what we would believe about most auto majors today that volume growth is tapering out, markets need to readjust expectations and the stocks however have risen dramatically over the last 1 year. So I do not see too much play coming into auto stocks from hereon. Similar to Maruti, even Hero Honda would trade in a range variety with maybe 1850 to 1875 odd levels being a good point to pick up and 1960 being a good point to be exiting the stock. So that would be my call on Hero Honda and most of other auto counters as well.
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