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Last Updated : Dec 03, 2015 03:53 PM IST | Source: CNBC-TV18

Look at Amtek Auto, target Rs 63 in 6 months: SP Tulsian

SP Tulsian of sptulsian.com is of the view that one can look at Amtek Auto with a target of Rs 62-63 in next six months.


SP Tulsian of sptulsian.com told CNBC-TV18, "One can look at Amtek Auto as the stock may be re-rated with a target of Rs 62-63 in next six months. The stock can hit 3-digits may be in the next 12-18 months."

"One can short metal stocks. Vedanta, JSW SteelJSPLSAIL, Hindalco and Tata Steel are pasing trough a very bad phase. This is just a technical momentum which cannot survive for a very long time. I will be going short keeping a short view on all these stocks.

At 15:21 hrs Amtek Auto was quoting at Rs 47.40, up Rs 4.00, or 9.22 percent. It has touched an intraday high of Rs 49.80 and an intraday low of Rs 42.65.

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First Published on Dec 3, 2015 03:36 pm
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