Lumax Auto Technologies may rally to Rs 200: Diwan

Lumax Auto Technologies may rally to Rs 200 in the next 6 months, says Prakash Diwan, Prakash Diwan's Wealth Circle.

Diwan told CNBC-TV18, “I particularly like companies like Lumax Auto Technologies, again this is more of a bottom of peak that we have identified. I am also very bullish on NHPC – that’s kind of building up quite a bit in terms of order flow and some of the plans that were stuck with environmental clearances and all are getting through. So you have some of them with very clear visibility and positive earnings.”
He further added, “NHPC, we are extremely bullish from a medium to a long-term basis and we look at about Rs 27-28 as a target from where it is today. So, it is a significant jump for a stock that has really not moved and the same thing goes for Lumax Auto Technologies – that’s another company that would come in the reckoning in its Rs 200 zone, probably in the next 6 months.”