Watch the interview of Rahul Mohindar, viratechindia.com with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which he shared his readings and outlook on the market, specific stocks and sectors.
Below is the verbatim transcript of Rahul Mohindar's interview with CNBC-TV18
Maruti Suzuki India
"Maruti Suzuki India has corrected over the last two-three weeks. We like the stock from medium to long-term and expect it to move to new highs, so buy at current level. We are looking at targets of Rs 3,940 coming on Maruti. I will keep a stop loss at Rs 3,750 for buy positions."
Larsen & Toubro
"The second heavyweight which I would look at buying is Larsen & Toubro (L&T). At the current level or around Rs 1,690 it is a good point to enter keeping a stop loss at Rs 1,660, one can go long in L&T. We are looking at near term target of Rs 1,740 but Rs 1,740 is a very important level from long-term perspective and if that breaks out we could even head to about Rs 1,900. So this is a stock one should start keeping on the radar," he said.
Century Textiles and Industries
"Century Textiles and Industries is starting to outperform. We are looking at buying at the current level of Rs 668-670 for targets of Rs 705 in the near term and a stop loss on this would be Rs 650," he added.
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