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Last Updated : Jun 03, 2016 10:55 AM IST | Source: CNBC-TV18

Buy Gateway Distriparks, Surya Roshni may hit Rs 170: Rajat Bose

Rajat Bose of rajatkbose.com recommends buying Gateway Distriparks and feels that Surya Roshni may test Rs 170.

Rajat Bose of rajatkbose.com told CNBC-TV18, "Bajaj Finserv is a poor cousin of Bajaj Finance, this one is a much lower price stock. It has given a price volume breakout and is suggesting that now this is also going to move up. You put a stop below Rs 1,824; Rs 1,879-1,911 are the two targets for Bajaj Finserv. Poor man’s Bajaj Finance you can say."

"Gateway Distriparks is one stock that has given a breakout, not just a price volume breakout. The volumes have been as good as the price movement. So, that suggests that there is lot of buying interest here. You put a stop loss below Rs 299 and the target should be Rs 315, 320 and 329. So, Gateway Distriparks is another midcap stock that showed real good performance and it is still giving a buying opportunity at current level," he said.

"The next stock is Surya Roshni at least real light is flowing out of it. The level of Rs 159.90 should be your stop loss and there is every possibility that it is likely to scale up to Rs 170 kind of levels. I have kept a target at Rs 169.50."

"The last stock on my list is also a buy and that is already showing a good momentum good uptrend. Adani Ports you buy at current level, put a stop loss below Rs 201.60 and targets are Rs 209 and Rs 214."

"I am quite bullish on Tech Mahindra, I would say that you put a stop loss below say Rs 549 and look at targets of Rs 559 to Rs 564 on the upside. The stock that I was closely watching and waiting for an opportunity to talk about it is TVS Motor. Now, it is actually trying to cross Rs 303. Already had a good run in 10 minutes or even less and once it crosses Rs 303 with high volume activity next target would be Rs 310 and this is one stock that has the potential to give a good upmove from the current level." 

"Voltas at lower levels can be bought because in this movement, the stock could again go up to something like Rs 349."

"Another stock if at all market where to weaken then some hedge stocks in the airline sector as well as United Spirits - these stocks are looking weak so if you have to hedge, because we are all going long and where is the hedge. So, airlines could be one of the hedge stocks because despite OPEC these stocks are not showing any kind of buoyancy. That is slightly worrying as far as airlines stocks are concerned."
First Published on Jun 3, 2016 09:55 am
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