Buy Amtek Auto Ltd., target Rs 60 : Kunal Bothra

Kunal Bothra of ET Now has a buy call on Amtek Auto Ltd. with a target price of Rs 60. The current market price of Amtek Auto Ltd. is Rs 54.75. Time period given by analyst is Intra Day, when Amtek Auto Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 52. The stock has hit a high of Rs 48.65 and a low of Rs 56.25 so far in trade. The stock has a 52-week high of Rs 176.05 and a low of Rs 25.20. The scrip has taken support from its 50-day moving average at Rs 34.05. The stock is trading at a P/E of 20.88 and a price-to-book value of 4.14.