TVS Motor can test Rs 100-105: Gujral

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TVS Motor can test Rs 100-105: Gujral

TVS Motor can test Rs 100-105, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about TVS Motor See messages about TVS Motor TVS Motor BSE | NSE 31/05/12 Are Mutual Funds betting on TVS Motor?

TVS Motor can test Rs 100-105, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Mid-tier autos particularly TVS shows good momentum. If it can stay or rather get past Rs 80, looking at levels of about Rs 100-105."

He further added, "I don't think auto story will get over unless you see big kind of commodity price rise coming back in. So autos on all declines need to be bought. I think for Ashok Leyland key level is around Rs 57, if it can move above Rs 57, we could see levels of Rs 70. But its bigger cousin Tata Motors seems to be showing much more traction than Ashok Leyland."