Buy Adani Ent, Britannia Ind: Agarwal

Shubham Agarwal, CMT, AVP - Sr Technical Analyst, Motilal Oswal Securities is of the view that buy Adani Enterprises, Britannia Industries.

Agarwal told CNBC-TV18, “We are recommending Adani Enterprises at this level. It is quoting at around Rs 230-235. So we can buy in this band for a target of around Rs 270 and a stop loss of Rs 220. Even we are recommending Britannia Industries, which is quoting around Rs 545 now. We can look for a target of Rs 600 on that and a stop loss at Rs 528.”
He further added, “If you look at both of the stocks, Adani Enterprises was falling down heavily and now we are trading for a pullback which can come into play. Even in Britannia, it was consolidating for a very long time and today it has broken out from the range so that is something which can be positive.”