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Last Updated : Jan 04, 2018 12:24 PM IST | Source: CNBC-TV18

Buy Jain Irrigation Systems, Fortis Healthcare, Hindalco Industries: CA Rudramurthy BV

CA Rudramurthy BV, Research Head at Vachana Investments recommends buying Jain Irrigation Systems, Fortis Healthcare and Hindalco Industries.

CNBC TV18 @moneycontrolcom

CA Rudramurthy BV, Research Head at Vachana Investments told CNBC-TV18, "Stock specific lot of good counters are there to buy in F&O segment. For me Jain Irrigation Systems looks really good, lot of open interest addition is seen on the positive side with lot of delivery based buying. I expect even more a populistic with agricultural focused Budget and this is one stock which can do wonders from current level."

"I expect a huge target of Rs 175 on Jain Irrigation. One can even roll over their future contract for a month or two and have a stop loss of Rs 120. A very good risk reward trade and one can definitely look at going long on Jain Irrigation."

"I have a second buy call on Fortis Healthcare. Huge accumulation has been seen yesterday with delivery based buying. This stock added towards Rs 185, have a stop loss of Rs 155 and one can go long on Fortis Healthcare."

"I have a buy call on Hindalco Industries, today the stock has given clear cut breakout above levels of Rs 208 and lot of open interest addition is seen today and charts are looking very bullish. Hindalco can hit towards levels of Rs 300 in the short term, have a stop loss of Rs 275 for this long trade," he said..
First Published on Jan 4, 2018 12:17 pm
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