HomeNewsBusinessStocksBuy Action Construction, Kaya, Praj Industries: Rakesh Bansal

Buy Action Construction, Kaya, Praj Industries: Rakesh Bansal

Rakesh Bansal of RK Global recommends buying Action Construction, Dr Lal Pathlabs, Kaya and Praj Industries.

January 06, 2016 / 12:45 IST
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Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy call on Action Construction. The kind of technical pattern the stock is having is extremely bullish. The stock is making higher-tops, higher bottoms. I have got a buy on Action Constructions with stop loss at Rs 45.50 and target of Rs 54.""My second call is a buy on Dr Lal Pathlabs. It has been a new listing and after the new listing we have seen a good run up. I think all the retail participants have exited. The stock has made a good rounding bottom formation at around Rs 800 levels. Buy Dr Lal Pathlabs with stop loss at Rs 798 and target at Rs 890," he said. "My third call is a buy on Kaya. The technical structure is very good. The stock is on an edge of a big breakout. Buy Kaya at current level, stop loss at Rs 1,120 and target at Rs 1,260.""My fourth Call is a buy on Praj Industries. We have seen a good breakout above Rs 95. We have also seen a positive crossover on the momentum indicators. Praj Industries is an excellent technical buy at current level with a stop loss at Rs 91 for a first target price of Rs 113," he added."My last call is a buy on Pratibha Industries. The stock is making higher-tops, higher-bottom. In yesterday’s trading session we have seen a positive crossover on the momentum indicators. Buy the stock with a stop loss at Rs 45 for target at Rs 54."

first published: Jan 6, 2016 12:45 pm

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