Hero MotoCorp may come down to 1980-2000 levels: Ashwani Gujral, Ashwanigujral.com

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views about Hero MotoCorp.

ET Now: On the charts Hero MotoCorp?

Ashwani Gujral: Yesterday, you would recall that I had said that 2250 will be difficult to cross and dividend has just become an excuse. The way market has shaped up and the way autos have come under pressure, it would have come down to dividend or no dividend. Chances are that it will get down to levels of 1980 to about 2000. Overall, the entire auto space will go through a decent correction. That is what we have seen even with some of the consumption names like Jubilant. Auto was holding strong, is now kind of giving up, so that is what makes support shaky in the days to come.