Stock up on auto ancillaries as economic engine hums; better returns likely
MUMBAI: Auto ancillary stocks have been climbing steadily in the last month. Investors are betting on them as they feel these companies will benefit from a likely uptick in the domestic sales and better prospects of the European economy. Amtek AutoBSE -0.18 % has moved up to Rs 240 from Rs 178, Motherson Sumi BSE 0.62 % to Rs 318 from Rs 260, while Bharat ForgeBSE 3.21 % surged to Rs 592 from Rs 468 and ExideBSE -0.28 % Batteries rose from Rs 136 to Rs 143.
Amtek Auto has moved up to Rs 240 from Rs 178, Motherson Sumi to Rs 318 from Rs 260, while Bharat Forge surged to Rs 592 from Rs 468.
BUY' or 'SELL' ideas from experts for Monday, 30 June 2014
NEW DELHI: Indian markets are expected to trade in a range on Monday following muted trend seen in other Asian markets.
Eros International Media LtdBSE 3.76 % is a 'BUY' call with a target of Rs 246 and a stop loss of Rs 224
Balkrishna Industries LtdBSE 2.33 % is a 'BUY' call with a target of Rs 760 and a stop loss of Rs 729
Sonata Software LtdBSE 6.81 % is a 'BUY' call with a target of Rs 91 and a stop loss of Rs 75
TVS Motors Ltd is a 'BUY' call with a target of Rs 172 and a stop loss of Rs 155
stocks in focus in Monday morning trade
Indian markets are expected to trade in a range on Monday, tracking muted trend seen in other Asian markets and SGX Nifty.
Reliance Industries Ltd:
IoB:
Infosys Ltd:
GAIL India Ltd:
Coal India Ltd:
NTPC Ltd:
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