Bajaj Auto and Hero are evergreen stocks: Jagdish Malkani, Member NSE

Jagdish Malkani, Member NSE, talks to ET Now on auto space.

What do you think of the auto space?

In general, auto space I would be wary. It will be back to the 2 wheelers which are doing very well and strong even technically as stock market stocks go except that those I would wait for a correction for the dynamic twins, Bajaj Auto and Hero.

What would justify an entry point for those stocks?

You would not get a whole lot because they are extremely strong. You can see they make the new highs even in these horrible times but even a 5%, these are great trading calls till the whole tide turns but as of now, there is no letting up, these 2 are evergreen stocks.