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

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."