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Sep 13, 2017 01:41 PM IST | Source: CNBC-TV18

Buy Reliance Industries, Bank of Baroda, Ashok Leyland: Yogesh Mehta

Yogesh Mehta of Motilal Oswal advises buying Reliance Industries, Bank of Baroda and Ashok Leyland.

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We have all buy calls today. Number one is Reliance Industries, the bellwether on the Nifty component. Rs 848-849 is the current price, keeping a stop loss of Rs 820, one can look at Rs 895-900 as the price target. It is into all-time high territory right now in the last 10 years."

"Bank of Baroda (BoB) on the PSU banks side is a buy. Currently quoting at Rs 144.50 in future segment, Rs 136-137 is a very good strong support. It was languishing there and near to the lows. Target could be in the range of Rs 154-155 levels keeping Rs 140 as a stop loss, or Rs 139 at best."

"Another one is Ashok Leyland which is near to its all-time high. Post GST and all we have seen in last one month good traction from Rs 109 to Rs 118. Currently it is quoting at Rs 118.50-118.16 in futures segment. Keeping Rs 116 as a stop loss, one can look at Rs 123-125 as a price target," he said.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd

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