HomeNewsBusinessStocksBuy Bajaj Auto, BEML, L&T, Eicher Motors: Rakesh Bansal

Buy Bajaj Auto, BEML, L&T, Eicher Motors: Rakesh Bansal

Rakesh Bansal of RK Global recommends buying Bajaj Auto, BEML, Larsen & Toubro and Eicher Motors.

July 18, 2016 / 13:52 IST
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Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on Bajaj Auto. Today, the stock has made a new lifetime high. It has entered an uncharted territory. Bajaj Auto is a buy with a stop loss of Rs 2,705, target Rs 2,825.""My second call is a buy on BEML. The technical structure is very positive. We are witnessing a breakout above Rs 950 levels. Buy BEML with a stop loss of Rs 930, target Rs 1,018," he said."My third call is a buy on Larsen & Toubro (L&T). On Friday's trading session, we have witnessed a breakout from a four-day trading range. L&T is a buy, keep stop loss of Rs 1,543, target of Rs 1,647.""My last call is a buy on Eicher Motors. Most auto stocks are making new 52-week highs like Tata Motors and Bajaj Auto have made. Now it is the turn of Eicher Motors. The stock has made a good base. At around Rs 19,400 levels, Eicher Motors is a buy, keep stop loss of Rs 19,400 and target of Rs 20,450," he added.

first published: Jul 18, 2016 01:52 pm

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