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Last Updated : Mar 02, 2017 02:08 PM IST | Source: CNBC-TV18

Buy Bharat Financial, Arvind, Century Textiles: CA Rudramurthy

CA Rudramurthy BV of Vachana Investments is of the view that one can buy Bharat Financial Inclusion, Arvind and Century Textiles and Industries.

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have a buy call on Bharat Financial Inclusion, this stock has definitely taken support at 20-day moving average. Levels closer to Rs 800-810 is a very stiff support and one can definitley buy these dips and look at target of Rs 870 and above Rs 870 one can even look at Rs 910 too. Definitley, Bharat Financial is a buying opportunity for me." 

"I have a second buy call on Arvind Futures. Today, we have seen a break out above levels of Rs 387 to Rs 390 and after a long consolidation this break out is seen. Arvind Futures can be bought, even open interest has got built up on the positive side with stock price moving on the upside. Look at target of Rs 403 initially and even Rs 415 is possible above Rs 403. Keep a stop loss of Rs 390 for this long trade," he said. 

"I have a buy call on Century Textiles. In future, Century Textile is showing a clear uptrend and every dips is getting accumulated. Delivery based volumes has been on a rise and Century Textile can be look at. Immediate target of Rs 1,000 on future have a stop loss of Rs 940 and use every dip in this market to buy and once we cross this all-time high a further 200-300 point Nifty rally will happen very soon."

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First Published on Mar 2, 2017 02:08 pm
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