Sector Spotlight: Auto, Pharma, FMCG – top 3 sectors in focus; buy TVS Motor, Lupin, Colgate Palmolive for these price targets
The Nifty Auto was trading at 11,454.80 and was up almost 0.70 per cent. In the 15-share index, 11 advanced and 4 declined around this time. The biggest gainers were Bajaj Auto Limited, TVS Motor Company Limited, and Eicher Motors Limited and were up 3.2 per cent, 2.8 per cent and 2.6 per cent, respectively
The AVP picked TVS Motor as his top buy with a short-term view. He puts the price target at Rs 600-Rs 620 with a stop loss at Rs 560. The stock was trading at Rs 574.50. Source: Reuters