Gaurav Bissa of LKP Securities told CNBC-TV18, "In Godrej Industries we have seen in the last two trading sessions, volumes have picked up. It is trading above 200 Daily Moving Average (DMA). So, one can buy this stock for a target of Rs 340 with a stoploss placed at Rs 308."
"My second recommendation today is a buy on PTC India for a target price of Rs 104 with the stoploss at Rs 94. The stock has been trending in a range of Rs 90-96. Today it has come out of this range. Volumes have been good, the stock has accumulated good amount of long positions in last few trading sessions. It is trading above its short term as well as long term averages. Momentum indicators have picked up activity. So, the stock looks right for a target price of Rs 104. If it sustains these levels it may again test levels of Rs 110 also in coming days," he said.
"The final pick for the day is a buy on Wipro. Unlike its other counterparts like Infosys and TCS, Wipro is yet to give a decisive breakout. However, after giving a short term breakout the stock has been maintaining Rs 590-595 levels quite fairly. It is trading above Rs 600. Short term average crossover has seen good amount of long positions. The stock may be bought with a target of Rs 645 with the stoploss of Rs 585."
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