Buy Bajaj Auto, UPL; sell NIIT Technologies: Gaurav Bissa

Name: Buy Bajaj Auto, UPL; sell NIIT Technologies: Gaurav Bissa
Uploaded: 2017-07-25T12:06:53+05:30
Description: According to Gaurav Bissa of LKP Securities, one may buy Bajaj Auto and UPL and can sell NIIT Technologies.

According to Gaurav Bissa of LKP Securities, one may buy Bajaj Auto and UPL and can sell NIIT Technologies.

July 25, 2017 / 12:09 IST

Gaurav Bissa of LKP Securities told CNBC-TV18, "First would be a buy on Bajaj Auto. We have seen the stock coming out consolidation, good amount of long positions has seen getting built. With a stop loss of Rs 2,815 one can buy for target of Rs 2,885-2,900."

"Second would be buy on UPL. This stock has been seeing consistent long positions from Rs 840-845 levels, one can have a stop loss of Rs 868 and buy for target of Rs 915."

"Final recommendation would be sell on NIIT Technologies. A lot of short positions are seen getting built, they were built before the quarterly numbers were announced. It is trading just around the support levels. Sell it below Rs 532, have a stop loss of Rs 538 and play for target of Rs 515," he added.

first published: Jul 25, 2017 12:06 pm

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