Buy Amara Raja Batteries with a target of 300-320: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his views on Amara Raja Batteries.

What is your call on Amara Raja Batteries?

Well Amara Raja Batteries ahs been going towards a fresh highs and then probably correcting from there. So we will probably look for support around these 215-220 sort of zone and then try to re-enter. Chances are that auto ancillaries will continue to do well even if autos go through a weak patch. Target out here on this could be closer to 300 to about 320.