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Last Updated : Jan 01, 2018 12:20 PM IST | Source: CNBC-TV18

Buy Mahindra & Mahindra, Sun Pharmaceutical Industries, Piramal Enterprises: Rahul Shah

Rahul Shah of Motilal Oswal recommends buying Mahindra & Mahindra, Sun Pharmaceutical Industries and Piramal Enterprises.

CNBC TV18 @moneycontrolcom

Rahul Shah of Motilal Oswal told CNBC-TV18, "Mahindra & Mahindra (M&M) has been a laggard for quite some time and now in last couple of series we have seen some action in the stock post ex-bonus and with volumes we have seen upward bias. So, we would recommend buying M&M future with a stop loss of Rs 742 and target of Rs 785."

"The pharma Index has been consolidating for quite some time and we have seen that after consolidation fewer largecap pharma names from there have been moving upwards. So at top of my mind is Sun Pharmaceutical Industries. We have seen good volume plus good future additions in last week’s. So, we would recommend buying Sun Pharma with a stop loss of Rs 570 and target of Rs 620."

"Piramal Enterprises has done quite well last year and today this stock has been doing quite well in last couple of sessions as well. So, on future front again longs have added in this stock. So we believe that this can rally another 5-6 percent from here. So, buy the stock with a stop loss of Rs 2,830 for target of Rs 3,000," he said.

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First Published on Jan 1, 2018 12:20 pm
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