Mahindra & Mahindra (Rs.569.10/-):
With sky rocketing CRUDE prices and Higher Interest Rate it is unlikely for AUTO sector to move higher in near term. In this sector M&M trading at Rs.569.10/- looks extremly weak. Those having exposure to this stock can look at ways to EXIT this stock on move towards Rs.600/-. We recommend "SELL" rating on the stock with target below Rs.500/- in next two-three months. In fact most of the stocks in AUTO sector can correct significantly. Attaching BSE Auto sector chart for your reference.
Previous Reco:
1) TISCO Reco at Rs.838/- (07th May,2008) touched high of Rs.925/-(21st May,2008) C.M.P.: Rs.903/- .. Traders are advised to use UP MOVE & BOOK PROFITS. GAIN on higher side: 10% or Rs.87/- TIME TOOK FOR 10% Return: 9 Trading session!!
2) STERLITE TECH (05th May, 2008) BUY ON CLOSE ABOVE Rs.245/- NOT Triggered .. Keep On Radar.
3) SENSEX Outlook : As expected. Fresh Review to be taken this week.
4) LUPIN ltd Reco at Rs.672.10/- (28th May,2008) touched high of Rs.741.90/-(13th June,2008) C.M.P.: Rs.725/- .. Target Acheived. TIME TOOK FOR 10.26% Return: 13 Trading session!!
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