HomeNewsBusinessStocksBuy Hero Moto, Sun Pharma on dips; avoid L&T: Rajat Bose

Buy Hero Moto, Sun Pharma on dips; avoid L&T: Rajat Bose

Rajat Bose of rajatkbose.com recommends buying Hero Motocorp and Sun Pharma on dips and feels that one can avoid Larsen & Toubro.

January 20, 2016 / 09:45 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "Hero Motocorp looks good. From a technical point of view if I were to ignore what has happened in Asia and all that and choose one stock to buy, Hero Moto would be the candidate to really buy into. I am still optimist in the sense that there would be a good pre-Budget rally because this time the pre-Budget rally would actually begin from a market low." "Hero Motocorp at that point of time would actually do pretty well, so would Sun Pharmaceutical Industries. So, these are stocks that on dips you can still continue to buy. There is absolutely no reason that you can’t buy even under current circumstances," he said. "Larsen & Toubro (L&T) is best avoided today, in fact if you find that L&T fails to take out Rs 1,129 then you actually reverse this recommendation and go short with the stop loss above Rs 1,136 and expect Rs 1,100 to be re-scaled once again."

first published: Jan 20, 2016 09:45 am

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