Look for Tea stocks & Auto ancillaries

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Tea stocks and auto ancillaries counters are witnessing buying from savvy market players. Reports indicate that both the sectors are beneficiaries of sharp appreciation of dollar. Among the tea counters Dhunseri, Asian, Mcleod Russell, Goodricke and Harr Malayalam look good at current levels. Double benefit of rupee weakness and falling steel prices has sparked renewed buying in select auto ancillary counters. Buy on declines Sundaram Fasteners, Setco, En-kei Castalloy, Jamna Auto and Motherson for steady returns.

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Desidata Team