SP Tulsian of sptulsian.com told CNBC-TV18, "We have been seeing all the cement stocks have come back in the focus because of the price hike. ACC looks to be the strongest amongst all. I will go with ACC with a target of Rs 1069 end of the day and stop loss of Rs 1045.”
He further added, “One may go long on Sun TV Network. If you see the volume today, in fact 21 lakh shares already got traded. The stock has been ruling weak for quite some time or may be for last one week or so. Today we are seeing some informed buying or may be value buying at the lower level coupled with short covering. One may look for a level of Rs 356 with stop loss of Rs 350.”
”One may short Bank of Baroda because of the weak outlook on the PSU banking, which I am continuing till expiry. Look for a level of Rs 513 with stop loss of Rs 522. Second short is on Canara Bank with a target of Rs 211.50 with stop loss of Rs 215.”
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
