Moneycontrol
Jul 15, 2016 01:55 PM IST | Source: CNBC-TV18

Buy Tata Steel, Kotak Bank, ICICI Bank: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments recommends buying Tata Steel, Kotak Mahindra Bank and ICICI Bank.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "I am going with three buys. My first buy is on Tata Steel for a target of Rs 400 with a stop loss of Rs 350. This stock has bust out of the range which is in the new zone altogether, Rs 364.05 was the previous high and we are now cruising above that level."

"Second buy is on Kotak Mahindra Bank for a target of Rs 790 with a stop loss of Rs 750. The stock is taking a bit of a breather today. I like it because we have crossed the previous highs of Rs 770-778.5 and we should now be attempting Rs 790," he said.

"The last buy is on ICICI Bank for a target of Rs 282 with a stop loss of Rs 240. The stock was stuck in a range which was typically between Rs 210 and Rs 250. We have broken out of this range with very high volumes and we should now be attempting the upside."

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