Yogesh Mehta of Motilal Oswal recommends buying Bharat Financial Inclusion, Yes Bank and Cholamandalam Investment.
Yogesh Mehta of Motilal Oswal told CNBC-TV18, "There are some odds where one can go long. One of those is Bharat Financial Inclusion. Keeping a stop loss of Rs 991, the targets could be around Rs 1,025 levels. This is a long outstanding position and already it is quoting 1 percent higher than yesterday’s closing."
"Other stock on the short side is Yes Bank. Yesterday also it was on the weaker side and today also it is negative and quoting below yesterday’s closing price. Rs 308 is a future price and one can go short keeping a stop loss of little longer term call. Rs 320 would be the stop loss and target would be in the range of Rs 290-285," he said."Buy Cholamandalam Investment and Finance Company which is in future segment. Currently, quoting at Rs 1,290-1,292, Rs 1,350 could be the price target and keep stop loss of Rs 1,265," he said.