'Buy Amtek Auto on declines'

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, talks about the outlook of Bharat Forge, Amtek Auto and Munjal Showa.

What's your sense on Bharat Forge, Amtek Auto and Munjal Showa?

Bharat Forge has already moved from Rs 300 and it is already up by Rs 25. Amtek Auto has not moved much and can be picked up at current levels or possibly some declines of a couple of percent. I see a move beyond Rs 200 in Amtek Auto. My best pick in the auto ancillary space would be these two. I am not that a great fan of Munjal Showa but Amtek Auto I would recommend at this price as well.