Buy Amara Raja Batteries with a target at Rs 995: Jay Thakkar

Jay Thakkar of Sharekhan is positive on Amara Raja Batteries. The expert has advised traders to buy the stock with a target of Rs 995 and maintain stop loss at Rs 950 in intra-day trade. The stock has hit a high of Rs 965.10in trade so far. The scrip has been moving above all its major moving averages. It has just breached its 20-day moving average at around Rs 947.