HomeNewsBusinessStocksBuy L&T Finance Holdings, Dish TV: Hemant Thukral

Buy L&T Finance Holdings, Dish TV: Hemant Thukral

Hemant Thukral - Aditya Birla Money recommends buying L&T Finance Holdings and Dish TV.

March 08, 2017 / 10:17 IST
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Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Today, we have chosen two midcap stocks - one is from the NBFC front which have been doing very good and yesterday again we have seen fresh open interest (OI) getting been build up. Specially, if you check L&T Finance Holdings which we are recommending today.""With 12 percent fresh open interest, the stock has been going from strength to strength, again on closing basis making a new 52 week high yesterday. 115 Put writers are getting active and now we feel that the next target for this stock is towards Rs 123 to Rs 125 zone. One can keep a stop loss of Rs 116," he said."The other stock that we have chosen is from the media pack that is Dish TV. This stock is also very interesting because now it is clearly sustaining above Rs 97.5- 98 zone which was acting as a stiff resistances. Yesterday, interestingly, we have seen 3 percent fresh long open interest build up. 95 Put writers are getting aggressive and important was that 100 Call after three series has started seeing unwinding.""So, all these three data points put together and we feel that Dish TV should move further ahead and can see a target of Rs 103 to Rs 105 zone. People who are entering today should keep a stop loss of Rs 97.5. So, these two midcaps are the ones we will be recommending for next two to three trading sessions."

first published: Mar 8, 2017 10:17 am

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