Bullish on TVS Motors: Hemang Jani, Sharekhan

In an interview with ET Now, Hemang Jani, Senior Vice President, Sharekhan, shares his outlook for auto stocks. Excerpt:

ET Now: What is the call on the auto stocks?

Hemang Jani: Clearly, one stock that we like in that space is TVS Motors. Particularly, last monthly numbers that they announced have been good and there is a feel that the momentum for some of the products which they have launched recently where the overall acceptance has been good. There could be decent growth over the next three or four quarters.

We think that this could be an interesting bet and there could be a 15% to 20% upside from current levels.