Buy Amara Raja Batteries, says Manas Jaiswal

Manas Jaiswal of manasjaiwal.com told CNBC-TV18, "Amara Raja Batteries has already corrected 50 percent of its previous rally from Rs 480 to Rs 615. Now it is making piercing pattern on the daily charts. So you may see further recovery. It can test Rs 580 in next two to three trading sessions. One can buy it on a stoploss of Rs 549."

At 14:26 hrs Amara Raja Batteries was quoting at Rs 558, up Rs 11.70, or 2.14 percent. It has touched an intraday high of Rs 563.90 and an intraday low of Rs 544.60.