HomeNewsBusinessStocksBuy AB Nuvo, Grasim, Colgate, ACC, Hero Moto: Rakesh Bansal

Buy AB Nuvo, Grasim, Colgate, ACC, Hero Moto: Rakesh Bansal

Rakesh Bansal of RK Global recommends buying Aditya Birla Nuvo, Grasim Industries, Colgate Palmolive, ACC and Hero MotoCorp.

June 27, 2016 / 13:30 IST
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Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on Aditya Birla Nuvo. In today’s market, we are witnessing a big breakout on big charts above Rs 1,100 level. The stock is a clear buy with a stop loss of Rs 1,067 for target price of Rs 1,180.""My second call is a buy on Grasim Industries. The stock never participated in any decline on the downside. The level of Rs 4,250 is a strong support. Buy Grasim with a stop loss at Rs 4,250, target Rs 4,450," he added."My third call is a buy on Colgate Palmolive. We have seen a big breakout on big charts above Rs 850 levels. Now, Rs 850 is a good base for the stock. Place a stop loss below Rs 850 for a target price of Rs 918.""The entire cement pack is looking good and in today’s session, we have seen a big breakout on big charts. Buy ACC with 1-2 days view with a stop loss at Rs 1,565 for a target price of Rs 1,660."He further said, "Hero MotoCorp has made a good base around Rs 2,997 levels. It is a buy with a stop loss at Rs 2,997 for a target price of Rs 3,172."

first published: Jun 27, 2016 01:30 pm

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