Buy State Bank of India, Larsen & Toubro, Bharat Forge: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "The stocks we are recommending are buy on State Bank of India (SBI). Currently it is quoting at Rs 286.5 and it has closed at three days high and momentum has continued above Rs 280. So, we think that upside of Rs 300 would be the target keeping a stop loss of Rs 279. So, that seems to be a buy." 

"Larsen & Toubro has surpassed Rs 1,550 levels and it is quoting about 10-20 days moving average. We are looking at Rs 1,600-1,610 as a target, keeping Rs 1,525-1,530 level as a stop loss," he said.

"Third one is Bharat Forge. A bit of conditional, if it moves above Rs 1,055 in cash, then keeping a stop loss of Rs 1,025 we can look at Rs 1,100-1,110 as a target."