Bajaj Auto shares present a nice upside in the weeks to come. That’s not us making a stock recommendation to you.
That’s what the managing director of Bajaj Auto, Rajiv Bajaj believes.
Speaking to CNBC-TV18, Rajiv Bajaj said that he stands by his projection of 20,000 rupees as the long-term target price for Bajaj Auto shares.
Remember, the stock has seen a sharp correction after hitting a lifetime high of 12,774 rupees in September last week.
Rajiv Bajaj believes the correction is “perhaps based on a somewhat temporary understanding of an evolving situation,” and says he is certain that he is going out and buying some stock.
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