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Buy RBL Bank, Dewan Housing Finance, Indo Count Industries: Yogesh Mehta

Yogesh Mehta of Motilal Oswal recommends buying RBL Bank, Dewan Housing Finance and Indo Count Industries.

June 21, 2017 / 02:27 PM IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We have all three buy recommendations, not for the intraday purpose but it is on the positional trend; one can carry it over for three to four sessions. First one is RBL Bank. It has taken multiple support around Rs 490-500 levels earlier and now it is making a higher base formation on the support side. It has now shifted to Rs 500 levels. We are recommending to buy at around Rs 514 at current level in future segment, keeping Rs 500 as a stop loss and looking at Rs 540 as the price target."

"Another one is Dewan Housing Finance. The stock made higher lows formation from Rs 444, Rs 451, Rs 455. So, we are looking at buy at new all-time high level Rs 465 today and keeping a stop loss of Rs 455 one can look at a price target of Rs 485," he said.

"The other one is Indo Count Industries in futures segment. Currently it is quoting at Rs 184 levels; Rs 170 is the 200-day moving average which is far. One can look at Rs 178 as a stop loss in the near term and keeping a target of Rs 195."
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