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Buy Jet Airways, Ceat, Raymond: CA Rudramurthy BV

CA Rudramurthy BV, Research Head at Vachana Investments advises buying Jet Airways, Ceat and Raymond.

September 07, 2017 / 12:28 IST

CA Rudramurthy BV, Research Head at Vachana Investments told CNBC-TV18, "I am bullish on three stocks. My first buy call is on Jet Airways. This stock has added a lot of open interest and fresh breakout is seen above levels of Rs 565. Jet Airways is definitely headed towards levels of Rs 635 immediately. Have a stop loss of Rs 580 and go long."

"I have a second buy call on Ceat. It has a strong support at Rs 1,740 zone. The stock is trading closer to these levels. Hardly you have a Rs 10 risk for Ceat, buying at current level for a stop loss of Rs 1,740. Look at target of Rs 1,830 immediately."

"My last buy call and the best call for me is on Raymond. This stock has given a big breakout above levels of Rs 840. The stock is headed towards levels of Rs 1,000 and have a stop loss of Rs 860 for this long call," he said.

first published: Sep 7, 2017 12:25 pm

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