TVS MOTORS –
This stock was in consistent uptrend and became a victim of the
correction in midcap stocks ongoing since the beginning of the year. The stock
made high of 800 and now 200 Rs. lower. Among the auto stocks lot, this stocks
has been an above average performer, and compared to the big boys in terms of
market cap, this stocks has fared greatly. We believe the present upsurge in
market will bring the stock up 10% plus and it can be traded for September expiry
on long side. The technical picture is also looking positive.
The given views are subject to change depending
on changing market, sector, individual company and global economic conditions.
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