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Last Updated : May 31, 2017 01:41 PM IST | Source: CNBC-TV18

Buy RBL Bank, Indiabulls Housing Finance, Havells India: Yogesh Mehta

Yogesh Mehta of Motilal Oswal suggests buying RBL Bank, Indiabulls Housing Finance and Havells India.

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We are recommending all buy for the day. RBL Bank is the one which has corrected very swiftly from Rs 580 to sub Rs 500. So, it will take some support here because Rs 490 seems to be a strong support level and any which ways future is quoting at discount by Rs 10. So, currently, Rs 508-509 is the price and we are looking at Rs 530 on a bounce back side anticipating some bounce back to Rs 530 and keeping a stop loss of Rs 498."

"Another one is Indiabulls Housing Finance. The stock has shown strong up move since last four consecutive days from Rs 1,070 to Rs 1,124-1,125 today. Still it can continue further. So, we are recommending a buy with a stop loss of Rs 1,105 in the future segment and target of Rs 1,160," he said.

"The third one is Havells India. Currently it is quoting at Rs 484-485. The stock has corrected almost Rs 90 from the top in the last two weeks and it has retraced more than 50 percent today. So, we are recommending a buy with a stop loss of Rs 470 for price target of Rs 508-510."
First Published on May 31, 2017 01:41 pm
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