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HomeNewsBusinessBuy Dewan Housing Finance, Engineers India, Century Textiles: CA Rudramurthy BV

Buy Dewan Housing Finance, Engineers India, Century Textiles: CA Rudramurthy BV

According to CA Rudramurthy BV of Vachana Investments, one can buy Dewan Housing Finance, Engineers India and Century Textiles and Industries.

April 20, 2017 / 14:01 IST

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have three buy calls. I am positive on market. So, I am picking buy calls in F&O. Dewan Housing Finance (DHFL) is a stock to buy. This stock has moved non-stop from levels of Rs 250 to Rs 400 in no time and still it shows no signs of tiredness. Short-term, medium-term, long-term timeframe charts are very positive on DHFL. Next month I have seen additions to open interest with positive rollover. One can look at going long on DHFL futures. Have a target of Rs 425 with a stop loss of Rs 400."

"I have a second buy call on Engineers India. Again one can go long on Engineers India futures. This stock has today given a clear breakout above levels of Rs 165. So, have a stop loss of Rs 165 and look for target of Rs 180."

"I have a last buy call on Century Textiles. This stock is making a non-stop move from levels of Rs 750 to current level and again looks very positive. Too much of open interest addition on the long side for next month with positive rollover and the stock has given a clear breakout above levels of Rs 1,050. It can now head towards levels closer to Rs 1,220. So, have a stop loss of Rs 1,100 for this long call and one can definitely look at longs on Century Textiles," he said.

first published: Apr 20, 2017 01:58 pm

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