Hi All,
There is one counter that I found that could be worth investing.
Amtek Auto..trading currently at 224. The counter has strong support at 210-215 levels.
Amtek Industries has high stake and the profit comes mainly from Amtek Auto.
Amtek Industries has moved up smartly from 390 level to 490 in the past few sessions.
It is now time for Amtek Auto, the volumes had fallen for Amtek Auto during the correction phase which clearly shows that the counter would be good for a long term as well as medium term.
The counter has come up today with respectively good volumes of 195,624 on NSE and 67,127 volume on the BSE which is looking good.
I would recommend a buy on the counter at current levels and on dips near 215 region.
The target would be 310 in a 2-3 months time span.
Thanks and Regards