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Last Updated : Jan 05, 2018 11:57 AM IST | Source: CNBC-TV18

Buy State Bank of India, Asian Paints, NHPC: Yogesh Mehta

Yogesh Mehta of Motilal Oswal recommends buying State Bank of India, Asian Paints and NHPC.

CNBC TV18 @moneycontrolcom

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Larsen & Toubro (L&T), State Bank of India, Jain Irrigation, etc. are very much there and of course post recapitalisation approval of Rs 80,000 crore amount, that has been showing a good strength for State Bank of India (SBI) where Rs 300 seems to be very strong support."

"On delivery base, SBI seems to be very great buy from here and again results are still due maybe in a months’ time, maybe audited numbers will come, but post-merger synergy, we think that the numbers would be very much interesting into that part. So, SBI seems to be very good."

"Asian Paints yesterday closed at around Rs 1,175-1,176 level wherein one can initiate buy with a stop loss of Rs 1,140 or Rs 1,150 and target could be in the range of Rs 1,200-1,220 in the near term."

"Power sector is also in the limelight. NHPC is the one which is a small company and one of the plants has already been started - Kishanganga and one more will restart in December; Rs 37 is the price target in the short term and keeping a stop loss of Rs 32.50 or if one is a long term investor, buy on dips and just hold on for delivery," he added.
First Published on Jan 5, 2018 11:57 am
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