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Last Updated : Sep 01, 2016 11:34 AM IST | Source: CNBC-TV18

Buy M&M, KPIT Tech, Igarashi Motors: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy Mahindra and Mahindra, KPIT Technologies and Igarashi Motors.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "The auto pack is looking pretty strong. Bajaj Auto and Mahindra and Mahindra are showing good traction on the short-term charts. Hero MotoCorp has just hit a fresh all-time high. There could be some traction over there. I would be a buyer in Mahindra and Mahindra with a stop loss just below Rs 1,435 or thereabout levels and look at Rs 1,490 in the next 1-2 days."

"I have KPIT Technologies as one of my recommendations. Buy with a stop loss at Rs 126, target of Rs 138. A buy on Igarashi Motors which is hitting a fresh high after a consolidation. It is a buy with a stop loss at Rs 719 for targets of Rs 770," he said.

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First Published on Sep 1, 2016 11:34 am
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