HomeNewsBusinessStocksBuy Axis Bank, DLF, TV18 Broadcast: CA Rudramurthy BV

Buy Axis Bank, DLF, TV18 Broadcast: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments recommends buying Axis Bank, DLF and TV18 Broadcast.

June 01, 2016 / 12:21 IST
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CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I am very bullish on Axis Bank. The stock has given a clear breakout above levels of Rs 510-515 and today it is trading with built up in open interest in futures and options market. So, Axis Bank for me looks very good in the private sector banks. One can look at targets of Rs 575 for the month and keep a stop loss of Rs 510 on this long position.""I also like DLF. This stock has given a clear breakout above levels of Rs 118-120 but having risen already from those levels now closer to Rs 120-130, even at current level, DLF gives you an opportunity to buy. So, I will be a buyer in DLF even at current level looking for target of Rs 140, keep a stop loss of Rs 127 for this trade," he said."I have a last buy call on TV18 Broadcast. I see a lot of value in this stock. It also trades in futures market and on every dip there is a lot of buying happening in TV18 Broadcast. Look at targets of Rs 47 on this stock, keeping a strict stop loss of Rs 40."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.

first published: Jun 1, 2016 12:21 pm

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