Buy Ajanta Pharma, BPCL, Granules India, Power Grid: RK Global

Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on Ajanta Pharma. On Friday, we have witnessed a big breakout on the big chart. The kind of chart pattern Ajanta Pharma is having, the stock has a potential to rally even in a declining market. It is a strong buy at current level, keep stop loss at Rs 1,389 and target of Rs 1,574." "My second call is a buy on BPCL. The stock has made a double bottom at around Rs 880. I have placed my stop loss just below Rs 880 at Rs 879. It is a strong buy for a price target of Rs 944," he said."My third call is a buy on Granules India. On daily charts, the stock price is making rounding bottom formation which is technically considered bullish. Granules is a buy with a stop loss at Rs 116.15 for target price of Rs 127.""My last call is a buy on Power Grid. The stock has made a good base at around Rs 139-140. Technically, it is a buy with a stop loss at Rs 139 for a price target of Rs 147," he added.