HomeNewsBusinessStocksBuy Aditya Birla Nuvo, Reliance Infra; short Dish TV: Rahul Shah

Buy Aditya Birla Nuvo, Reliance Infra; short Dish TV: Rahul Shah

Rahul Shah of Motilal Oswal Securities recommends buying Aditya Birla Nuvo and Reliance Infra and advises shorting Dish TV.

March 30, 2016 / 15:05 IST
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Rahul Shah of Motilal Oswal Securities told CNBC-TV18, "Aditya Birla Nuvo has done quite well in the last four to five sessions. Today also I feel the stock is up and going forward also it looks like that it can go to Rs 875. So, I would buy Aditya Birla Nuvo with a stop loss of Rs 820 for target of Rs 875.""Most of the capital goods stocks as a whole is doing quite well and we have seen a lot of momentum in the cap goods index as well. So, in the mid-sized play Reliance Infra again looks quite attractive from the current level. The stock has done well and it stayed above Rs 511 for quite some time now. I would buy Reliance Infra with a stop loss of Rs 518 for target of Rs 565," he said."Zee Entertainment and Sun TV Network are on the negative side. So, in that space Dish TV again looks weaker on the charts as well as the shorts being added on the stocks. So, keep a stop loss of Rs 86 and a target of Rs 79. I would go short on Dish TV."

first published: Mar 30, 2016 03:05 pm

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