Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra and Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Monal Desai's interview with CNBC-TV18.
In Tata Motors yesterday we saw very strong pull back from Rs 493-495 and today it opened Rs 10 up, but yes the momentum has built up pretty strong. I see a target of Rs 530 on Tata Motors, so a trailing stoploss would be at Rs 497 and incase we trail below that and if you want to hold for a longer-term perspective, keep the stoploss at Rs 475 and buy around Rs 490-Rs 495 again. Longer-term targets do stay intact and you could add at lower levels.
I am on the buy side of Bank of Baroda (BoB), my targets come to Rs 1,120, keep a stoploss at Rs 1,065, currently trading around Rs 1,080 - Rs 1,081. That also should move up and reach this target of Rs 1,120, so recommending a buy.
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