HomeNewsBusinessStocksBuy Federal Bank, Havells; JSW Steel may test Rs 1780: MOST

Buy Federal Bank, Havells; JSW Steel may test Rs 1780: MOST

Rahul Shah of Motilal Oswal is of the view that one can buy Federal Bank and Havells India and feels that JSW Steel may test Rs 1780.

August 03, 2016 / 15:00 IST
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Rahul Shah of Motilal Oswal told CNBC-TV18, "I have seen Federal Bank consolidating at Rs 62-63 levels and it is ready for break from here. I would buy with a stop loss of Rs 61 for target of Rs 67.""I think Havells India again hit a 52 week high and just consolidating at those levels. Longs have been added into the stocks, so with a stop loss of Rs 380, one could go long with the target of Rs 415," he said."JSW Steel is one of the star performers in the metal space from January till date. I feel still the longs can be created, the stock is hovering around Rs 1,700 odd levels. Keep a stop of Rs 1,680 and target of Rs 1,780."

first published: Aug 3, 2016 02:57 pm

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