Here's why Ajit Mishra is bullish on Petronet, Motherson, Muthoot Finance

The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range

Motherson Sumi Systems Limited
Recommendation: Buy
Last Close: Rs 238.65
Initiation range: Rs 235-237
Target: Rs 250
Stop loss: Rs 230

We are seeing noticeable traction in the auto & ancillary space and Motherson Sumi also looks set to resume the trend. The stock seems to be gradually rebounding after forming a strong base around Rs 220 levels and is likely to retest the previous swing high soon. We recommend creating fresh longs in the mentioned zone.

Muthoot Finance Limited
Recommendation: Buy
Last Close: Rs 1,629.05
Initiation range: Rs 1,610-1,620
Target: Rs 1,700
Stop loss: Rs 1,580