Buy Piramal Enterprises, Larsen & Toubro, Shriram Transport Finance: Yogesh Mehta

Yogesh Mehta of Motilal Osswal told CNBC-TV18, "We are recommending Piramal Enterprises which has corrected recently, Rs 2,030 was the high and now it has again returned to its 10 and 20 day moving average near Rs 2,760 which is near to the current price. So considering that, we are recommending long positions  around Rs 2,810, keeping Rs 2,750 as the stop loss and one can look at Rs 2,920-2,950 as the price target."

"Another stock on the long side is Larsen & Toubro (L&T) which had decent run up in the last five-seven sessions; Rs 1,243-1,244 is the current price in futures segment. One can keep stop loss of Rs 1,220-1,222 and upward momentum can continue till Rs 1,290-1,295."

"Third one is Shriram Transport Finance, very zigzag kind of a momentum into this stock. It went up to Rs 1,120 and now again back to Rs 1,080. So one can keep a stop loss on the long side, currently it is Rs 1,078-1,080 in futures segment. Keeping a stop loss of Rs 1,060, I would recommend to go long here and again we can see a bounce up to levels of Rs 1,115-1,120," he added.