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Buy Bata India, Berger Paints, Colgate Palmolive: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy Bata India, Berger Paints and Colgate Palmolive.

July 20, 2016 / 11:13 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "My story today is consumption and the leading public sector bank in terms of its performance yesterday. Bata India has shown a good recovery yesterday and it is a kind of pattern that suggests that it is now once again trying to move up. There is a possibility that Bata can actually move up from the current level. I would put a stop loss at Rs 62 and my target levels are Rs 575 and Rs 579. The stock looks pretty good and it can actually achieve much more. The kind of chart pattern that it shows, it is actually a good medium-term buy.""Berger Paints yesterday showed an all-time high, at least a 52-week high. It is showing traction except that volumes have not been very good. Actually, if you look at the stocks yesterday, most stocks were showing dwindling volumes. So, nothing much to write home about at that. But, I would still feel that Berger is going to go up and I would put a stop loss below Rs 224 and Rs 241 and Rs 245 are the two targets that I have," he said."I personally hold Colgate Palmolive, it looks very good. Yesterday’s chart pattern, both intraday as well as end of day looks pretty attractive. It is not discussed so much, but it is actually showing good traction and is headed for much higher levels like Rs 1,100 or going forward. I would put a stop loss below Rs 933 and my targets are Rs 968 and Rs 979. It is an intraday day trade from my side. Caveat here is that I am an investor in Colgate," he added.

first published: Jul 20, 2016 11:13 am

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