Buy Biocon, Pidilite Industries: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "If you look at Biocon irrespective of market in the last two series, we have seen the stock been an outperformer and still trading at the new lifetime high. It looks promising inspite of a dull, the stock refuses to give the gains. So, I feel it can go to a fresh new time high, which it has already done and still go further more. My target is Rs 680 and so I would buy. The best thing is buy 640 Call which is quoting around Rs 7.5-8; keep a stop loss of Rs 5 and a target of Rs 20." "Pidilite Industries has been closer to 52-week high and the stock has done quite well in few couple of sessions. I feel still it can go further more, post results the rerating has happened and we have seen longs created in Pidilite as well. I feel this stock can go to Rs 675 levels or so. So I would buy Pidilite with a stop loss of Rs 634," he said.