Moneycontrol
Jun 10, 2016 03:35 PM IST | Source: CNBC-TV18

Buy PNB, BoB, Reliance Industries: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments recommends buying Punjab National Bank, bank of Baroda and Reliance Industries.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "I have two buy calls on two banks, Punjab National Bank (PNB) and Bank of Baroda (BoB). A buy on PNB for a target of Rs 90, stop loss of Rs 75. Formation around Rs 70 levels can be seen, good volumes have been clocked between Rs 80 and Rs 82."

"Second stock is a buy on BoB for a target of Rs 160, stop loss of Rs 140. Fresh upmove has happened post the levels of Rs 145, healthy volumes are chasing the stock. Post Rs 160, we can also see levels of Rs 172," he said.

"The last buy is on Reliance Industries for a target of Rs 1,005, stop loss of Rs 950. This stock seems to be moving up now and we have even crossed the intermediate highs of Rs 981.50 earlier this morning."

Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.

"I would still consider Jubilant Foodworks to be a lacklustre stock. I wouldn't get into it from a trading perspective. I don’t have a technical indicator allowing me to enter that stock."

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