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Buy Indiabulls Housing Finance, Ujjivan Financial Services: Manoj Murlidharan

Manoj Murlidharan of Religare Securities recommends buying Indiabulls Housing Finance and Ujjivan Financial Services.

November 21, 2017 / 10:43 IST
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Manoj Murlidharan of Religare Securities told CNBC-TV18, "Indiabulls Housing Finance is in the ban as of now but then we are still recommending buying it in a cash market. You buy it somewhere close to Rs 230 with a stop loss of Rs 211. The target should be somewhere close to Rs 260-262."

"Ujjivan Financial Services also tops the list. We have seen good long built up and believe there would be a follow up buying coming in. So we recommend buying that as well."

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"Buy somewhere close to Rs 400 with a stop loss of Rs 382 and target of somewhere close to Rs 444-446 is what we are expecting," he added.

At 10:15 hrs Ujjivan Financial Services was quoting at Rs 403.85, up Rs 0.20, or 0.05 percent. It has touched an intraday high of Rs 411.45 and an intraday low of Rs 401.65.