Buy Amara Raja Batteries, says Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I would stick with M&M Financial Services. We had a call on that yesterday, a very good break out has taken place and my sense is that it had started a medium-term uptrend. It was doing a big consolidation in Rs 365-320 and that has broken on the upside. So Rs 420-425 should be the minimum the stock should do. On any declines, I will be a buyer.""Amara Raja Batteries is getting past at Rs 1,040-1,042 zone, so that stock could be bought with a stop loss of about Rs 1,024 for targets of Rs 1,080. The other one which I like is Indraprastha Gas (IGL). The stock is just on the verge of breaking into fresh highs, the pattern is quite positive, this one can be bought with a stop loss just below Rs 788 and look for targets above Rs 835," he said.