Go long in Bata India, Madras Cement: SP Tulsian

SP Tulsian of sptulsian.com advised going long in Bata India and Madras Cement at current levels.
 
Tulsian told CNBC-TV18, “I have also taken Bata India as long with a day target of Rs 746. The stock has run up, but still I see that it can move to Rs 746."

He further added, "All the MNC stocks are quite up. I have been pleased with their Q1 numbers. But here the Q1 numbers are not required to get referred to. The kind of upmove or maybe the buying interest which we have seen after a very long time can make the stock to move to Rs 746 by end of the day.”
 
"Second stock I have chosen is the Madras Cement with a day target of Rs 252 and stop loss of Rs 247. There also I see an upside of maybe about 1-1.5 percent by end of the day," Tulsian added.