Moneycontrol
Feb 04, 2016 03:05 PM IST | Source: CNBC-TV18

Buy ACC, Shriram Transport, Pidilite: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services is of the view that one can buy ACC, Shriram Transport Finance Corporation and Pidilite Industries.

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "If you look at the overall structure of ACC, we have already seen a good double bottom formation and the stock has been elevating since then. So, we expect this particular move to continue right up to Rs 1,320. It is a trading move which can be participated with a stop loss around Rs 1,240."

"The second buy call is on Shriram Transport Finance Corporation where we have seen a good rebound recently. We expect a strong trend to develop from here on as well and the same can be participated with a stop loss around Rs 810. We expect an immediate target of around Rs 885," he said.

"The third call is a buy on Pidilite Industries. This particular consolidation has been there for almost around 12-13 months. We are expecting this particular breakout to happen soon. So, the stop loss can be placed around Rs 556 and initial target can be expected around Rs 610. So, these are three ideas which we are liking on the buy side."

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