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Last Updated : Jan 29, 2018 02:42 PM IST | Source: CNBC-TV18

Buy Kotak Mahindra Bank, Tata Steel, Tech Mahindra: Rahul Shah

Rahul Shah, Associate VP at Motilal Oswal recommends buying Kotak Mahindra Bank, Tata Steel and Tech Mahindra.

CNBC TV18 @moneycontrolcom

Rahul Shah, Associate VP at Motilal Oswal told CNBC-TV18, "I think three sectors have been firing up in this rally - financials, metals and tech. So from all the three I have picked up one stock each."

"From the private financials, I think Kotak Mahindra Bank has given a fresh breakout as well as the long build up in the stock. So I would go long on Kotak with a stop loss of Rs 1098 and target of Rs 1150."

"Steel and metal pack looks very interesting and Tata Steel again had a 52 week high and given a fresh breakout. So I would go long on Tata Steel with a stop loss of Rs 770 and target of Rs 815."

"Third is Tech Mahindra, the stock has moved up from the consolidation period and has again given a fresh breakout. So I would go long on Tech Mahindra with a stop loss of Rs 592 and target of Rs 630," he said.
First Published on Jan 29, 2018 02:42 pm
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