Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The charts are fairly bullish on the auto stocks. Ashok Leyland is a buy with a stop loss of Rs 120, target of Rs 132. TVS Motor Company is also a buy with a stop loss of Rs 650, target of Rs 675."
"Bajaj Auto is a buy with a stop loss of Rs 3,080, target of Rs 3,200. Dewan Housing Finance is a buy with a stop loss of Rs 540 and target of Rs 575. Bombay Burmah Trading Company is a buy with a stop loss of Rs 1,270 target of Rs 1,320," he said.
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