Sell Indiabulls Housing Finance, Axis Bank; buy Tech Mahindra: Yogesh Mehta

Name: Sell Indiabulls Housing Finance, Axis Bank; buy Tech Mahindra: Yogesh Mehta
Uploaded: 2018-03-07T12:11:58+05:30
Description: Yogesh Mehta of Motilal Oswal is of the view that one can sell Indiabulls Housing Finance and Axis Bank and can buy Tech Mahindra.

Yogesh Mehta of Motilal Oswal is of the view that one can sell Indiabulls Housing Finance and Axis Bank and can buy Tech Mahindra.

CNBC-TV18

March 07, 2018 / 12:14 IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Since markets are on downward bias and negative trend since yesterday, we are recommending sell on Indiabulls Housing Finance. Current price is Rs 1,209, keeping Rs 1,225 as a stop loss, target could be in the range of Rs 1,170."

"The other one which we are recommending is on the buy side - Tech Mahindra, Rs 613 is the current price. Keeping a stop loss of Rs 605, target could be in the range of Rs 630."

"One more short is Axis Bank, currently it is quoting at Rs 515, stop loss can be kept at Rs 522 and target would be in the range of Rs 500-498 level," he said.

CNBC-TV18

first published: Mar 7, 2018 12:11 pm

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