SENSEX NIFTY
Dec 07, 2012, 06.40 PM IST | Source: CNBC-TV18

Tata Motors, Maruti Suzuki may see good rally: Kulkarni

Shardul Kulkarni, Angel Broking is of the view that Tata Motors can touch Rs 300 and Maruti Suzuki can go upto Rs 1600.

Shardul Kulkarni, Angel Broking is of the view that Tata Motors can touch Rs 300 and Maruti Suzuki can go upto Rs 1600.

Kulkarni told CNBC-TV18, "The whole auto pack is doing quite well. I would look at Tata Motors as well as Maruti Suzuki. Tata Motors has already gone up beyond the resistance levels of Rs 284. I think that going forward, you should see a positive upmove in case of Tata Motors. I am expecting about Rs 300 in case of Tata Motors. I would be quite bullish on Tata Motors."

He further added, "Maruti stock has given a fresh breakout and in the near future, you can see significant higher levels. The breakout is with strong volumes and going forward the upward move can extend upto Rs 1,575 to Rs 1,600 level. So yes, that is also a positive bias for the stock."

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