Moneycontrol
May 27, 2016 03:15 PM IST | Source: CNBC-TV18

Buy Kotak Bank, AB Nuvo, Bajaj Finance: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments is of the view that one can buy Kotak Mahindra Bank, Aditya Birla Nuvo and Bajaj Finance.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "My first buy is on Kotak Mahindra Bank for a target of Rs 775 and stop loss of Rs 710. The stock has done really well for itself post the resistance levels of Rs 700. We have crossed the intermediate highs of Rs 729.85 which makes it a good candidate for a newer high."

"The second buy is on Aditya Birla Nuvo for a target of Rs 1,200 and stop loss Rs 920. The level of Rs 790 to Rs 850 was a sideways patch for the stock; we have crossed those on very good volumes. We should now be headed towards Rs 1,200," he said.

"Last buy is on a Bajaj Finance for a target of Rs 8,600, stop loss of Rs 7,200. The stock had a brief pause for three to four trading sessions and we have resumed the uptrend. The overall trend remains positive even for investors."
Sections
Follow us on
Available On