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May 11, 2017 10:28 AM IST | Source: CNBC-TV18

Buy Bajaj Finance, Britannia Industries, Ashok Leyland: Yogesh Mehta

Yogesh Mehta, Associate Vice President-PCG Advisory Equities at Motilal Oswal Securities suggests buying Bajaj Finance, Britannia Industries and Ashok Leyland.

Yogesh Mehta, Associate Vice President-PCG Advisory Equities at Motilal Oswal Securities told CNBC-Tv18, "We are looking at Bajaj Finance on the buy side. The stock has run up yesterday and today it seems to be in a bullish momentum. We are looking at Rs 1,360 as first target and keeping a stop loss of Rs 1,310 because stock is trading at 10-20 days above moving average, so the bullish sentiment can create further rally."

"The other stock is Britannia Industries, a strong momentum yesterday, Rs 3,640 was the previous high which it crossed yesterday and closed at Rs 3,710-3,711 level. This momentum can continue and we are looking at Rs 3,760-3,770 as a price target, keeping a stop loss of Rs 3,680," he said.

"In the auto sector, Ashok Leyland has strong support between Rs 82-83 level and keeping a stop loss of Rs 83 one can initiate long position today and the target could be in the range of Rs 88-90."

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