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Last Updated : Jul 27, 2016 12:25 PM IST | Source: CNBC-TV18

Buy Adlabs Entertainment, PTC India, GMR Infra: Rakesh Bansal

According to Rakesh Bansal, VP at RK Global, one can buy Adlabs Entertainment, PTC India, Ahluwalia Contracts and GMR Infra.

Rakesh Bansal, VP at RK Global told CNBC-TV18, "My first call is a buy on Adlabs Entertainment. We have seen a big breakout on big charts above Rs 88 levels. The stock is a buy with a stop loss at Rs 87 for a target price of Rs 104."

"My second call is a buy on PTC India; here the stock price has made a rounding bottom formation on daily charts at around Rs 78. I will recommend buying with a stop loss at Rs 77.90 for a target price of Rs 89," he said.

"My third call is a buy on Ahluwalia Contracts. Here the volumes are less but the technical pattern is excellent from the trading perspective. One should place a stop loss at Rs 275 for target price of Rs 309."

"My last call is a buy on GMR Infra. We are witnessing some kind of a rounding bottom formation on hourly charts. Moreover we have also seeing positive crossovers on the momentum indicators. GMR Infra is a buy with a stop loss at Rs 13.85 for a target price of Rs 15.50."

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First Published on Jul 27, 2016 12:24 pm
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