Sharekhan advised to buy these 7 auto stocks, know about them

Multibagger Stock: Broking firm Sharekhan has presented its latest automobile report. The brokerage remains positive on the auto sector and believes that Commercial Vehicle Despatch will continue to outperform. Here are 7 auto stocks which have got ‘Buy’ rating as per the latest Automobile Report by Sharekhan. Know what these stocks are.

Alicon Castalloy Limited

  • The current market price of this stock is Rs 768.
  • Sharekhan has set a target price of Rs 1056 for this. That is, 37.50% potential profit is expected from this.

Amara Raja Batteries

  • Its current market price is Rs 767.
  • For this, the brokerage firm has set a target price of Rs 1146.
  • Potential profit: 49.41%

Ramkrishna Forgings

  • Its current price is Rs 1145.
  • Sharekhan has kept a target price of Rs 1204 for this.
  • Potential profit: 5.15%

Sundram Fasteners:

  • Its current price is Rs 922.
  • The target price for this has been kept at Rs 1100.
  • Potential profit: 31%

Lumax Auto:

  • Its current price is Rs 140.
  • Its target price has been kept at Rs 207.
  • Potential profit: 47.86%

Mayur Uniquoters:

  • Its current price is Rs 466.
  • The target price for this is Rs 670.
  • Potential profit: 43.78%

TVS Motors:

  • Its current price is Rs 562.
  • Its target price is Rs 688.
  • Potential profit: 22.42%

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from Also investing money is never advised here.)

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who hails from Uttarakhand. Shivam is a professional full time Digital Marketing and PR expert with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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