HomeNewsBusinessStocksBuy DLF, Sun Pharma, Lupin: CA Rudramurthy BV

Buy DLF, Sun Pharma, Lupin: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments is of the view that one can buy DLF, Sun Pharma and Lupin.

May 05, 2016 / 22:12 IST
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CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I am very bullish on cement, real estate and even sugar sector. So, I have picked up DLF. In F&O market, DLF is seeing lot of open interest built up also. The level of Rs 118 has been a breakout level on charts. So, for the current series, I see a big target of Rs 140 on the stock. One can keep a stop loss at Rs 118 and go long on DLF.""I have a buy call on Sun Pharma. Sun Pharma as well as Lupin have the same chart patterns. Sun Pharma has also seen a breakout today and I am playing long on the stock for the current series. Look for targets of Rs 880 and one can have a stop loss of Rs 810," he said."I have a buy call on Lupin. Even this stock has seen open interest addition with stock price moving on the upside and its charts definitely look very bullish. For me, pharma has seen a correction but not a reversal of trend. It is now giving lot of great opportunities for people who missed the pharma bus. Even for long term investors ,it is a great buy. Sun Pharma and Lupin will definitely outperform the market. For the current series, I will look for targets of Rs 1,700 on Futures, keeping a stop loss of Rs 1,600," he added.

first published: May 5, 2016 01:49 pm

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