Buy Siemens, Hindalco Industries, Maruti Suzuki: Yogesh Mehta
Yogesh Mehta of Motilal Oswal suggests buying Siemens, Hindalco Industries and Maruti Suzuki.
April 05, 2017 / 13:49 IST
Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Sugar stocks are sweet for consumption purpose, but not for the traders and investors so far. So we are not tracking this sector at all." "We are looking at long positions individually, like Siemens. It has got a good run up on Monday and today it is at Rs 1,310, up by almost say 0.5 percent. We are looking at a buy in this particular stock with a target price of Rs 1,360, keeping a stop loss of Rs 1,290." "Another one is Hindalco Industries. We will continue buying that. Current price is around Rs 197.50 to Rs 198. We are still looking at Rs 210 as the price target; Rs 200 remains the minor hurdle; if it surpasses that, then Rs 210 could be achieved keeping a stop loss of Rs 192. ""The third one we are looking at is Maruti Suzuki. Strong run up and post the numbers, now it is quoting at Rs 6,190 in futures segment. We are looking at Rs 6,300 as a price target keeping Rs 6,095 as a stop loss."
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