Buy Aurobindo Pharma, Karnataka Bank, Manappuram Finance: CA Rudramurthy BV

CA Rudramurthy BV, Research Head at Vachana Investments told CNBC-TV18, "My first buy call is on Aurobindo Pharma. Today we are seeing a lot of strength and open interest addition in the pharmaceutical sector. For me, Aurobindo Pharma is the best pick in pharmaceutical space and you can see support emerging for this stock at levels closer to Rs 740. Around Rs 725, deep value buying is seen with huge delivery based volumes and one can definitely go long on the stock."

"I have a positive view on pharmaceutical sector, look at initial target of Rs 810 and one can also go for October futures and have a higher target; above Rs 810 as well I see a lot of strength in Aurobindo Pharma. Have a stop loss of Rs 725 on this long call."

"I have a second buy call on Karnataka Bank. If you see yesterday’s delivery based volume, it is 6 times more than its average volume. Over Rs 3.5 crore delivery volume addition is also seen in both the exchanges and I am seeing a lot of addition in Karnataka Bank. F&O is also available, one can go long on Karnataka Bank, expect immediate target of Rs 175 while stop loss at Rs 152 is a must," he said.

"My last and strong buy call is on Manappuram Finance. The stock has given a huge breakout above levels of Rs 100 and now you are getting a dip and entry opportunity. One can look at buying October month futures contract of Manappuram. Have a target of Rs 110-112 and once we break Rs 112, even higher move can be looked into, For this, I will have a stop loss at Rs 98 which is the breakout level," he added.