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Buy Mahindra & Mahindra, Future Consumer: Mitessh Thakkar

Mitessh Thakkar of recommends buying Mahindra and Mahindra and Future Consumer.

December 15, 2017 / 02:45 PM IST

Mitessh Thakkar of told CNBC-TV18, "I have two buy calls. Mahindra & Mahindra is a good positional buy with a stop loss at Rs 1,435 and I would look for targets in excess of Rs 1,550."

"Future Consumer is trying to get past the early highs of Rs 68 and now can be bought with a stop loss of Rs 65 and look for target of Rs 74," he said.

"Very clearly metals is one space which has corrected nicely in the last decline. I think we saw prices of Vedanta come off from Rs 350 to Rs 270. Hindalco had dropped from Rs 270 -275 to roughly about Rs 230. I think the correction seems to be over and they are getting in some kind of up move. In fact I have listed Hindalco as one of my recommendations."

"Hindalco is a buy with a stop loss at Rs 238.50, look for a first target of Rs 249. In case we cross that, Rs 255 is the next level."

"Bata India after a good correction is also reversing on the shorter-term charts. So, buy with stop loss at Rs 720 and look for targets close to about Rs 750 on the upside."
first published: Dec 15, 2017 02:45 pm
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