SP Tulsian of sptulsian.com told CNBC-TV18, "I have two buy calls. First call is on JSW Steel because we have seen the renewed buying coming back into all ferrous steel stocks. Steel Authority of India (SAIL), Tata Steel and JSW look to have bottomed out in this last one week. So, buy call on JSW Steel with a day target of Rs 715 and stop loss of Rs 697."
Tulsian further added, "Second call is to go long on Adani Enterprise because the stock has corrected from Rs 215 to about sub Rs 180 till yesterday in last 8-10 trading sessions. We have been seeing the stock hugely oversold and some short covering coupled with the renewed buying is expected at the lower level into the stock. So, take a long position on Adani Enterprises with a target of Rs 191 and with stop loss of Rs 185."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
