Rahul Shah of Motilal Oswal told CNBC-TV18, "Today we have seen a lot of pharmaceutical stocks in limelight and a lot of longs being added in most of the stocks. So, I feel Aurobindo Pharma is looking very good. We have seen the stock recovered swiftly from near lows of Rs 688 and again back to Rs 743-744 levels. So, I feel one can go long on Aurobindo with a stop loss of Rs 734 for target of Rs 770."
"Second is financials. Again, after a pause in a rally, we have again seen some kind of momentum building up in financials. So in that space, I think mid-sized banks look ready for move. I like Federal Bank, buy with a stop loss of Rs 105, with a target of Rs 112.""
"In the metal pack, we have seen the rally continuing and the sector is doing quite well. So, in that space Hindalco Industries is one of my top bets. So one can go long in Hindalco with a stop loss of Rs 227 for target of Rs 242," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
