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Buy HDFC Bank, Infosys, Capital First: Rahul Shah

According to Rahul Shah of Motilal Oswal, one can buy HDFC Bank, Infosys and Capital First.

September 18, 2017 / 02:32 PM IST

Rahul Shah of Motilal Oswal told CNBC-TV18, "I think financials again have taken a front seat and we have seen NBFCs as well as the private banks doing quite well in last couple of sessions and today as well. So, in that space, I think HDFC Bank is one of the clear winner and has been leading the rally. It has gone into a new range and we have seen good amount of long built up in future segment. I feel one should go long on HDFC Bank with a small stop loss of Rs 1,835 for target of Rs 1,900."

"I would go long on Capital First. The stock is in a new range and a lot of long built up has been seen in last few sessions. So, I would buy Capital First with a stop loss of Rs 796 and target of Rs 875."

"We have seen some bottom fishing in a few select IT stocks. In that space I like Infosys. So, keep a stop loss of Rs 895 and target of Rs 965 and one can go long," he added.
first published: Sep 18, 2017 02:32 pm
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