Shardul Kulkarni of Angel Broking is bullish on Tata Global Beverage, Tata Coffee and MRF. According to the expert Tata Global Beverages has a target of Rs 150 and Tata Coffee looks good as a long term bet.
Kulkarni told CNBC-TV18, "It is possible that one can look at positions in case of Unitech, HDIL, IVRCL, Jaiprakash Associates, Suzlon Energy and Lanco Infratech. It is better to choose good companies with good fundamentals from shorter-term perspective, one can also get those picks. I would look at Tata Global Beverages as a good bet on the upside. I think Rs 145 to Rs 150 is a good target for Tata Global Beverages and I would be quite bullish on that."
He further added, "The second one would be Tata Coffee, a sister company and we are still seeing that the charts are extremely bullish. I would look at Rs 1650- Rs 1700 target price in case of Tata Coffee. I think that these two can be the bets on the long side."
"The third one is from the tyre space. Although the auto stocks are not doing that well but MRF can be a good bet on the long side. I think going forward around Rs 12,800 to Rs 13,000 is a good target price for MRF in the near-term so I would be bullish in case of these three stocks."
Disclosure: We have recommended the stocks to our clients and we hold positions in them.