HomeNewsBusinessStocksBank of Baroda contrarian buy, says Rajat Bose

Bank of Baroda contrarian buy, says Rajat Bose

Rajat Bose of rajatkbose.com is of the view that Bank fo Baroda is a contrarian buy and feels that the stock may see a pull back to Rs 165-170.

November 06, 2015 / 11:08 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Rajat Bose of rajatkbose.com told CNBC-TV18, "One stock I would like to buy as a contrarian buyer is Bank of Baroda (BoB) because from the lows of the middle of August 2013 when the uptrend began it has tested long-term two year old trendline today and bounced back. So, I understand that there has been a major trading act but then these could be the opportunities.""If anybody were to go by my recommendation and buy this stock put a stop loss below Rs 140 on closing price basis. If it works out you will get Rs 165-170 kind of a pullback at a later stage if the market were to rally. BoB is a good buy for me at least at this juncture. I would buy upto Rs 147," he said.

first published: Nov 6, 2015 11:08 am

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!