Buy Indian Oil Corporation, Siemens; L&T may test Rs 1950: Sandeep Wagle

Sandeep Wagle of powermywealth.com suggests buying Indian Oil Corporation and Siemens and is bullish on L&T with a target of Rs 1950.

April 07, 2017 / 14:33 IST

Sandeep Wagle of powermywealth.com told CNBC-TV18, "Stock specific I would go with a buy in Indian Oil Corporation (IOC) with a stop loss at Rs 394 for target of Rs 408. A buy in Siemens with a stop loss at Rs 1,299 for target of Rs 1,360. Both of these are of two to three days’ time horizon."

"I am bullish on Larsen & Toubro (L&T) and since the stock has already moved up, I have chosen Siemens which will follow and my view on L&T is that sooner than later my target would be around Rs 1,900-1,950, talk of the next few weeks or so. Immediately, I would look at the target of around Rs 1,780-1,800," he said.

first published: Apr 7, 2017 02:04 pm

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