Sell Apollo Tyres, buy Ranbaxy: Rakesh Bansal

Rakesh Bansal of rakeshbansal.com is of the view that one should buy Ranbaxy.

Bansal told CNBC-Awaaz, "Investor should sell Apollo Tyres and they can buy Ranbaxy with a stoploss of Rs 475. The stock can touch Rs 530 in coming days."
The company touched its 52-week high Rs 570.00 and 52-week low Rs 366.50 on 02 Aug, 2011 and 19 Dec, 2011, respectively. Currently, it is trading -12.63% below its 52-week high and 35.88% above its 52-week low.