Can consider buying Bajaj Auto in Rs 2,100-2,200 range: Neeraj Dewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities, shares his views on two-wheeler stocks.

ET Now: What is your view on the two-wheeler space? Among two-wheelers, do you think there is perhaps a stronger case to find comfort in Bajaj Auto, given its focus essentially on exports? The story has played out andnow Hero MotoCorp too is making headway, pretty much following the same strategy.

Neeraj Deewan: One can definitely look at Bajaj Auto because the stock came close to Rs 1900-odd levels in May, before rallying all the way to Rs 2,600.

Now, the stock has corrected once again to Rs 2,200-odd level. I believe that Rs 2,100-2,200 is a good level to enter into teh counter.

The risk-reward has become a little better at these valuations and as the company has established itself in two-wheeler exports, and given the rupee has also corrected in the in the last couple of months, the company can get a better return from exports. So, Bajaj Auto can definitely be looked at in this dip.