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    HomeNewsBusinessBuy Kajaria Ceramics, Zee Entertainment, Tata Steel: Manoj Murlidharan

    Buy Kajaria Ceramics, Zee Entertainment, Tata Steel: Manoj Murlidharan

    Manoj Murlidharan of Religare Securities recommends buying Kajaria Ceramics, Zee Entertainment and Tata Steel.

    August 24, 2017 / 12:14 IST
    It seems that nationwide lockdown has not much impacted the fertilizer sector. In May 2020, the Indian Fertiliser industry has witness sales growth of 25% to 5 million tonnes as compared to 4 million tonnes in the same month last year.  Coromandel International and Chambal Fertilisers have seen major sales growth in the sector. The research firm Prabhudas Lilladher is bullish on 5 stocks in the sector and among that they expect stock Insecticides India may see the upside of 82 percent, report dated June 09, 2020.
    It seems that nationwide lockdown has not much impacted the fertilizer sector. In May 2020, the Indian Fertiliser industry has witness sales growth of 25% to 5 million tonnes as compared to 4 million tonnes in the same month last year.  Coromandel International and Chambal Fertilisers have seen major sales growth in the sector. The research firm Prabhudas Lilladher is bullish on 5 stocks in the sector and among that they expect stock Insecticides India may see the upside of 82 percent, report dated June 09, 2020.

    Manoj Murlidharan of Religare Securities told CNBC-TV18, "Kajaria Ceramics have shown excellent long build-up and it's a new participant in the Futures and Option (F&O) segment as well. We believe there is good momentum along with follow-up buying. So, we still recommend buying that for August futures. We recommend buying at Rs 650-651 with a stop loss of Rs 638 and we are expecting a good momentum. The target should be close to Rs 672."

    "Zee Entertainment would a long buy as well even for the Futures of August. We are expecting the stock to go towards Rs 531, which should be the target and we recommend buying it close to Rs 515. Stop loss should be close to Rs 507-508," he said.

    "We recommend buying Tata Steel August Futures; buy between Rs 630 and Rs 632 on the Futures. The stop loss should be tight at Rs 627 because we are expecting a trading bounce on that and the target should be close to Rs 644-646," he added.

    first published: Aug 24, 2017 12:14 pm

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