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Last Updated : Jan 08, 2018 02:44 PM IST | Source: CNBC-TV18

Buy Sun Pharmaceutical Industries, Manappuram Finance, Mahindra & Mahindra: Rahul Shah

Rahul Shah, Associate VP at Motilal Oswal suggests buying Sun Pharmaceutical Industries, Manappuram Finance and Mahindra & Mahindra.

CNBC TV18 @moneycontrolcom

Rahul Shah, Associate VP at Motilal Oswal told CNBC-TV18, "Sun Pharmaceutical Industries is showing a very good strength. We have seen addition in futures as well as technically also the stock has given a good breakout. So that is on top of my mind. Buy Sun Pharmaceutical with a stop loss of Rs 585 and target of Rs 630."

"NBFCs have been showing good signs and in that space Manappuram Finance is closer to its 52 week high. The stock has again shown good strength, good addition also in open interest (OI). So I would buy Manappuram with a stop loss of Rs 122 and target of Rs 135."

"Slowly and steadily Mahindra and Mahindra (M&M) has been inching higher and we have seen good amount of volume based longs built up in the stock. So I would go long on M&M with stop loss of Rs 745 and target of Rs 785," he added.

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First Published on Jan 8, 2018 02:37 pm
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