Moneycontrol PRO
HomeNewsBusinessBuy Bajaj Finance, Voltas, Delta Corp; sell Bata, PTC India: Mitessh Thakkar

Buy Bajaj Finance, Voltas, Delta Corp; sell Bata, PTC India: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bajaj Finance, Voltas and Delta Corp and sell Bata India and PTC India.

June 16, 2017 / 09:16 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "On the buy side, I have three calls. The first is Bajaj Finance, that was a buy yesterday as well. Clearly, the stock continues to show outperformance and makes higher highs. Now it can be bought afresh with a stop loss at Rs 1,377, look for target close to about Rs 1,445. I also have a buy on Voltas, which after a few days of consolidation is possibly giving continuation signal. So buy with a stop loss at Rs 484, look for Rs 515 kind of target."

"One midcap name that is Delta Corp had a good bullish breakout yesterday, buy with a stop loss at Rs 160 for target of Rs 180," he added.

"Two sell calls, Bata India has broken down on the hourly charts, so that is a mild sell with a stop loss at Rs 549 and look for target close to Rs 520. In PTC India, again some intraday sell signals are there as well, so sell with a stop loss at Rs 96.50 and look for declines till about levels of Rs 89," he said.

first published: Jun 16, 2017 09:06 am

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347