7-8% of rise expected in Bajaj Auto: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about Bajaj Auto.

Looking at TVS, Hero Honda and Bajaj Auto, is there one amongst the 3 that you like if you had to choose one?

I think Bajaj Auto is looking extremely good and it is consolidating a bit in this range. But I am expecting a breakout on the upside and at least a 7-8% of rise is expected from these levels.