Buy Asian Paints, Wockhardt: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Overall, if you look at the fast moving consumer goods (FMCG) pack, most of them look quite attractive. The entire index looks like it is in a breakout mode. So, Asian Paints is one of the stocks which has been consolidating. It is a good bet to buy Asian Paints at current level. Keep a stop loss at Rs 882 and a target of Rs 930.""A lot of pharmaceutical names and specifically midcap pharmaceuticals like Strides Shasun, Wockhardt or Aurobindo Pharma have cracked. But we have seen Wockhardt falling down up to Rs 750 odd levels and we have seen some good smart recovery in the stock. In today’s session also, we have seen the stock up around 2.5 percent and the longs obviously have been created in it. So, I feel Wockhardt can still go to Rs 1,070 from current level. So it looks like a good bet. But the stock is very volatile, so you need to have a strict stop loss also in it," he said.