Auto Share: Auto likely to be in the limelight; M&M, BEML can give more than 20% returns in 3-6 months: Mehul Kothari

[ad_1] “The recent rally in auto stocks is on account of falling metal prices, improving chip availability and attractive valuations as well as adding tailwinds to the sector due to a good monsoon and expected pick-up in new launches ahead of the festive season.” Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “We can see Nifty moving towards the 16000 – 16200 mark in the coming weeks. But, breaking this zone will be difficult as it is a…