Target 350 level for Autoline Industrie in long term

Mehraboon Irani, Sr. VP - Equity, FCH – Centrum Wealth Managers Ltd , in a chat with ET Now talks about the favourite buys for long term.


ET Now: What is it that you would buy right now, a couple of names may be?

Third company we like is a company called Autoline Industries, you can call it as an auto ancillary segment but it is a complete play in the auto ancillary segment, 70% of its revenues come from Tata Motors. It has entered into Volkswagen, entered in General Motors in a big way and we have a price target on this stock over the next 12 months of around Rs. 350 for the stock. So if you ask me again, if I am seeing a new high of March 2010, there is may be 10-15% more but there are stocks across sectors in the mid-cap segment where I feel the risk reward is in favour of the investors and the whole lot of opportunity of making money is there but people will have to learn to be selective at the present value issues like the market commands right now.