Manoj Murlidharan Vayalar OF IIFL PREMIA is of the view that Suzlon Energy can give 2-3 percent upside. “I am positive on Tata Motors, the stock can go upto Rs 340,” he adds.
Vayalar told CNBC-TV18, “Suzlon Energy would be out of the F&O next month. I guess it was the same case when we had MTNL, so when we have these stocks which are in a good funds NAV you see the replicate happening in the cash market and that is what you are seeing good block deals happen and there is good cash based buying. I feel Suzlon can give 2-3 percent more.”
He further added, “FIIs have accumulated Tata Motors at an average price of Rs 292 per share. Currently, the stock is trading at around Rs 311. One can keep stop loss of Rs 308 to Rs 306. I feel Rs 338 to Rs 340 definitely can come in the stock. But if it goes below Rs 292 for January then that is where you want to square it off. I am positive on Tata Motors.”