Mohindar told CNBC-TV18, "Tyre stocks look a little extended in terms of the rally. Whatever targets I would have probably put out on a stock like MRF or Apollo Tyres , they seem to have shot out well pass."
He further added, "Hotel Leela, above Rs 35 does seem to be breaking out. It has been in resistance for the last couple of months, but once we take that out maybe Rs 42-43 is a level that we could achieve on the stock."
Disclosure: It is safe to assume that analyst and his clients may have investment interest in the stocks/ sectors discussed.
