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Last Updated : Sep 21, 2017 12:34 PM IST | Source: CNBC-TV18

Buy Novartis, Cipla, Bajaj Auto, Rain Industries: Rajat Bose

Rajat Bose of rajatkbose.com recommends buying Novartis, Cipla, Bajaj Auto and Rain Industries.

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have four buy calls. Two of them, pharmaceutical stocks, and two are from different sectors. Novartis is currently trading around Rs 683, I would put a stop loss below Rs 667 while Rs 609 and Rs 703 are the first two targets. After that, it can even move up to Rs 712. It also has a buyback offer running."

"The pharmaceutical stock is Cipla. I would put a stop loss below Rs 575.80 while Rs 589 and Rs 594 are the two targets. Apart from that, Bajaj Auto is the one stock I like. After a pause, it has started moving up once again; Rs 3,098 is the stop loss while Rs 3,170 and Rs 3,185 and prior to that even Rs 3,150 could be another target for intraday traders."

"Finally, Rain Industries, a stock that I personally hold in my portfolio, I am urging to buy for delivery. Put a stop loss below Rs 168 on closing price basis for an intermediate target of Rs 220. The stock is doing well technically and is fundamentally pretty strong," he added.

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First Published on Sep 21, 2017 12:31 pm
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