Book profit in L&T Fin and Tata Coffee

SP Tulsian of sptulsian.com advice traders to book profit in L&T Finance Holding and Tata Coffee.

Tulsian told CNBC-TV18, “There is an excellent opportunity to make an entry whether you talk of Ultratech Cement, ACC or Ambuja Cement and if you really want to take a call on some of the smaller names it could be Mangalam Cement and Century Textile or even Prism Cement and Heidelberg Cement kind of stocks looks very good. Generally always bias remains from trading angle, I’ll keep my positive stance on ACC, Ambuja Cement and Ultratech.”
He further added, “I have been advising L&T Finance profit booking since morning. We have discussed that in the morning also and I said that I don’t think that the stock can really move beyond Rs 86-87. So maybe the profit booking can make the stock to correct to about Rs 74-75. Similar is a case with Tata Coffee. I don’t think that this kind of rise is really justified because when I compare the up moves in the CCL product also, which is also a comparable play in the – having a good presence in the coffee space that stock has not really moved in the same proportion. So even the Tata Coffee can be seen for profit booking and so a profit booking call on both the stocks.”