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Last Updated : Jan 27, 2018 09:32 AM IST | Source: CNBC-TV18

Amara Raja Batteries may test Rs 1050: Ashwani Gujral

Ashwani Gujral of feels that Amara Raja Batteries may test Rs 1050.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of told CNBC-TV18, "Autos are not doing so well. But maybe auto ancillaries are doing much better and the good thing in Amara Raja Batteries is that it has gone through a massive bear market and it almost plunged towards Rs 670 before it recovered. So that way, it is a bit better than stocks which are at all-time highs."

"One can keep Rs 800 type of stoploss and maybe we could see Rs 950 and maybe even Rs 1,050. So, keep those two targets, but Rs 800 is your stop loss. You should not violate Rs 800 again," he added.
First Published on Jan 27, 2018 09:29 am
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