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

“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 gap…