Buy ITC, HDFC Bank, Federal Bank: Yogesh Mehta

Name: Buy ITC, HDFC Bank, Federal Bank: Yogesh Mehta
Uploaded: 2017-04-12T14:10:28+05:30
Description: Yogesh Mehta of Motilal Oswal recommends buying ITC, HDFC Bank and Federal Bank.

Yogesh Mehta of Motilal Oswal recommends buying ITC, HDFC Bank and Federal Bank.

April 12, 2017 / 14:22 IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We are looking at a conditional buy on ITC. If it trades above Rs 283 levels in cash, then one can initiate a buy with a stop loss of Rs 274 and the target price could be in the range of Rs 298-300 level."

"The other one is HDFC Bank. We are looking at Rs 1,490-1,495 as the price target, keeping Rs 1,420 as stop loss. It is trading above its 10 and 20 days moving averages," he said.

"The third one is Federal Bank which has again shown a strong momentum post blip last time. We are looking at Rs 89 as the stop loss with a target at Rs 98-100 level."

first published: Apr 12, 2017 02:10 pm

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