Hero Motocorp may slip to Rs 2000, says Kulkarni

Hero Motocorp  is expected to move lower around Rs 2000, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "In case Hero Motocorp, there are clear signals that one should be actually going short. Although Bajaj Auto has done really well in today's trading session the stock has actually plummeted more than 10% in the last 5-6 trading sessions. People are actually moving into Bajaj Auto post their results."

He further added, "Hero Motocorp has actually underperformed its peers overall and today I would expect the stock to move lower probably around Rs 2000, which is a decent target price for the stock. So I would look at shorting Hero MotoCorp, the stop loss would be at Rs 2105."

"The other one where in we are seeing possibilities of the stock moving lower is L&T where in Rs 1405 is the stop loss for the trade and on the lower side the stock may actually come down to Rs 1340. In the midcap space Asian Paints looks weak, I would expect about 5-6% fall in case of Asian Paints from the current levels."