Moneycontrol
Feb 19, 2016 01:50 PM IST | Source: CNBC-TV18

Buy M&M, Tata Steel, Hero Moto: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments recommends buying Mahindra & Mahindra, Tata Steel and Hero Motocorp.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "First buy is on Mahindra & Mahindra (M&M) for a target of Rs 1,260 and a stop loss of Rs 1,185. We have crossed the short-term resistance levels of Rs 1,200 on the back of very good volumes. We should now be attempting the levels of Rs 1,260."

"The second buy is on Tata Steel for a target of Rs 266 keeping a stop loss of Rs 238. The level of Rs 215 - 245 was the sluggish phase that we were facing. The stock is now gone past that, above the levels of Rs 250 they are back into the bull grip and we can then see higher levels," he said.

"The last buy is on Hero Motocorp for a target of Rs 2,715 and a stop loss of Rs 2,500. The auto sector overall seems to be showing some positive energy. The stock had a short-term resistances around the levels of Rs 2,600 and we are now trading above that."

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