Amarjeet Singh of Mangal Keshav Securities is of the view that one can buy Punjab Tractors .
Singh told CNBC-TV18, "The major as well as the intermediate trend of Punjab Tractors is up having a very strong momentum. This stock has been consolidating very well between the levels of Rs 240 and Rs 260 and has given an excellent break out with very heavy volumes. At this point of time, it is in the formation of a bullish flat formation, which is a continuation pattern and once another breakout occurs from these levels, I see the stock going somewhere to around Rs 410 levels or so. I suppose this is the kind of a stock, which definitely one should have in his portfolio from a longer-term perspective; so it is a clear buy at these level zones."
