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Mar 16, 2017 09:16 PM IST | Source: CNBC-TV18

Buy IndusInd Bank, Hero MotoCorp, Mindtree: Rahul Shah

Rahul Shah, Associate VP- Equity Advisory Group at Motilal Oswal recommends buying IndusInd Bank, Hero MotoCorp and Mindtree.

Rahul Shah, Associate VP- Equity Advisory Group at Motilal Oswal told CNBC-TV18, "Private banks are the real winners today and ICICI Bank is leading them. However, I think money is going to be made in other private sector banks too. So, my pick is IndusInd Bank. We have seen that after a consolidation, the stock touching a new 52-week high. I think longs also have added in the stock. So, I would buy IndusInd Bank with a stop loss of Rs 1,348 and target of Rs 1,400." 

"Hero MotorCorp is one of my top picks. We have seen the stock consolidating between Rs 3,200 and Rs 3,280 for last week and we have seen some more momentum building up today. So, I would buy Hero MotoCorp with a stop loss of Rs 3,310 and target of Rs 3,450," he said.

"We saw Mindtree making an attempt on Friday to cross above Rs 480 but it did not do. So, I think the stock has technically given a good breakout, plus the longs added into it. So midcap IT should do well. So, in that space I would buy Mindtree with a stop loss of Rs 462 and target of Rs 500."

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