Rahul Shah of Motilal Oswal told CNBC-TV18, "Housing finance has been a theme for several series and I think it should continue. The top of my mind is Dewan Housing Finance (DHFL). We have seen good consolidation since last 15 days with good volumes and long built up. So my sense is the stock can hit a new high. So, I would buy DHFL with a stop loss of Rs 438 and target of Rs 465."
"Interestingly, post Infosys numbers, I think we saw some kind of momentum building up in the stock. Technically, that has given a good breakout and longs have been added also as well. So, I think it could be a contra play, but I think risk to reward is quite favourable in Infosys. So, my sense is, one should buy Infosys with a stop loss of Rs 978 and target of Rs 1,040," he said.
"In metal pack we have seen lot of stocks hitting new 52-week highs. So, in that space, I still prefer JSW Steel. The stock is at 52 week high, I would buy with a stop loss of Rs 212 and target of Rs 234."
"Entire FMCG pack looks like a buy. However, in that space, Hindustan Unilever (HUL) and ITC are outstanding. I don’t see ITC breaking Rs 324 in near term. So, one can look at buying ITC with a stop loss of Rs 324," he added.
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