Buy Amara Raja Batteries; negative on Ashok Leyland: Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Ashok Leyland looks negative to me. I think it is breaking below very important levels of around Rs 81.80-80.50. It has just managed to hold on to that but if that breakdown happens, Rs 75 is the minimum but Rs 68-69 is a very likely target for the stock. So, I am quite negative.""The one stock which I would like to recommend is Amara Raja Batteries, that is a buy with a stop loss at Rs 1025 and target of Rs 1060," he said.