Buy HDIL, Godrej Ind; sell Adani Enterprises, BOI: Tulsian
SP Tulsian of sptulsian.com recommends going long in Housing Development and Infrastructure (HDIL) with a target of Rs 49 and advises selling Adani Enterprises with a target of Rs 237.
November 19, 2013 / 15:29 IST
SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long in Housing Development and Infrastructure (HDIL) because we are seeing renewed interest or maybe buying in all the real estate stocks. So, look for a level of Rs 49 with a stoploss of Rs 47.50."
"One may go long in Godrej Industries. For about one week or so we have seen maybe for whole of the November series since start it was seen in accumulation. For last two days may be yesterday we are seeing the buying really accelerating and giving a breakout. So, keep stoploss of Rs 285," he said."One may sell Adani Enterprises because it has run up from Rs 200 to Rs 250. Again in this series itself we are seeing good amount of profit booking coming back into the stock. Look for a level of Rs 237 and a stoploss of Rs 243.""One may sell Bank of India (BOI) largely for the reason that yesterday the stock has moved by close to about 10 percent. All the PSU banking stocks were up by 3-5 percent. This was the only exception. So, one is bound to see the trading positions getting lightened. So, look for a level of Rs 232 with a stoploss of Rs 238." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
