Watch the interview of Manish Hathiramani of Deen Dayal Investments with Nigel D’Souza and Reema Tendulkar on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Manish Hathiramani's interview with CNBC-TV18
"My first buy is on Apollo Tyres for a target of Rs 2069 with stop loss of Rs 173. There are signs of a fresh breakout on this stock. We also see very good volume participation, a good upside is expected."
Larsen and Toubro
"The second buy is on Larsen and Toubro (L&T) for a target of Rs 1,678 with stop loss of Rs 1,555. The resistance of Rs 1,590 has been crossed which makes this stock bullish for short term traders," he said.
Maruti Suzuki India
"One can buy Maruti Suzuki India for a target of Rs 4,450 and a stop loss of Rs 4,225. I expect this stock to be one of the fore-runners if the Nifty were to move to higher levels. The chart looks extremely promising and we have very good volumes backing it."