Buy Bharti Infratel, Balrampur Chini may hit Rs 77.80: Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Bharti Infratel looks good to me. Yesterday even when the other stocks were falling Bharti Infratel actually managed to post a positive close at Rs 430 and had things not been that bad yesterday, Bharti Infratel would have moved up. I expect it to continue in its upward journey today as well. It is a conditional buy because given today’s kind of situation, if it were to stay above Rs 425-430 kind of range then you carry on with your buying. The levels of Rs 433, Rs 435 and finally Rs 440 would be your target and put a stretched stop loss below Rs 419. Even though I am saying Rs 425 is a critical mug but just because you don’t get stopped out, that is why I kept a stop loss at Rs 419." "Balrampur Chini was a standout performer yesterday. It showed volume and strength and to my positive surprise it managed to close, close to about that Rs 74 mark. If it were to stay above that then it is headed for Rs 75.50 to about Rs 77.80. However, if it stays above Rs 74 in any sustainable basis probably Balrampur could be headed into the Rs 80s. However, for now Rs 77.80 would be my target and Rs 71.90 is my stop loss for the day," he said.