HomeNewsBusinessStocksBuy Aditya Birla Nuvo, Lyka Labs, M&M: Kunal Bothra

Buy Aditya Birla Nuvo, Lyka Labs, M&M: Kunal Bothra

Kunal Bothra of LKP Securities is of the view that one may buy Aditya Birla Nuvo, Lyka Labs and Mahindra and Mahindra.

November 18, 2015 / 15:11 IST
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Kunal Bothra of LKP Securities told CNBC-TV18, "One can buy Aditya Birla Nuvo. The stock or the charts on the daily as well as weekly perspective are poised at a brilliant level. On the daily charts the stock is almost in an oversold territory and with today's intraday recovery which you are seeing right now chances are that the stock can actually start decent rally over the next couple of days. So, I am pretty bullish on the stock. Looking at a target of Rs 2,100 from a very short term perspective but the move unfolds into a bigger move. I expect the stock to rally almost 10-15 percent over the next couple of months, Rs 2,100 is the target from short term perspective and stoploss of Rs 1,950.""We have been bullish on Lyka Labs over the last one week or so and we believe that with the momentum which the stock has seen over the last couple of days, volumes backing, the momentum indicators the stock has already made a fresh swing high. I still believe that probably there is more steam left for the stock over the next couple of weeks. I believe a target of Rs 140 is possible trailing a stoploss to Rs 120.""One can buy Mahindra and Mahindra (M&M). Yet another interesting auto stock pick after almost a couple of weeks, it is trying to break that Rs 1,300 level. So, I sense that if it closes to about 1,300 today it could give a very strong break out and keeping a target of Rs 1,400 stoploss of Rs 1,250."

first published: Nov 18, 2015 03:11 pm

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