Buy Federal Bank, Britannia; short Divis Lab: Rahul Shah

Rahul Shah of Motilal Oswal Securities told CNBC-TV18, "Top bet for buying is Federal Bank. We have seen the stock move up 4.5 percent up, we can see the long built in the futures segment as well. So, I feel this stock can go to Rs 53. Keep a stop loss of Rs 48 and target of Rs 53." "In pharmaceutical space, I think most of the stocks are going through consolidation phase except for one or two like Aurobindo Pharma being an exception in that list. So, I would short Divis Laboratories with a stop loss of Rs 1,075 and target of Rs 980," he said. "Third bet is Britannia Industries. I would buy the stock with a stop loss of Rs 2,800 and target of Rs 2,950."