Moneycontrol
Aug 05, 2016 10:59 AM IST | Source: CNBC-TV18

Buy Motherson, sell HPCL: Rajat Bose

Rajat Bose of rajatkbose.com advises buying Motherson Sumi and suggests selling Hindustan Petroleum Corporation.

Rajat Bose of rajatkbose.com told CNBC-TV18, "I would say that I have one auto ancillary, one finance company and one oil marketing company stock to
recommend. Yesterday Motherson Sumi performed very well, put a stoploss below Rs 333. Looks like it is going to move up further and pretty decently at that,
Rs 379 and Rs 392 would be the target. It can be taken as a swing trade, meaning you can take it as a buy today, sell tomorrow."

He further added, "Yesterday the sentiment turns sour that is why Edelweiss Financial Services could not reach its targets of Rs 106.50. Today I expect it to do an on core and scale up to those levels, Rs 103 and 106.25 are the two targets that I have kept and Rs 97 is my stoploss."

"Finally a sell call Hindustan Petroleum Corporation (HPCL), continues to remain a sell, put a stoploss above Rs 1,240 and my positional trade target of Rs 1,110 remains as valid as it was," he said.

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