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Buy Lupin, Cipla, Godfrey Phillips India, Escorts: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy Lupin, Cipla, Godfrey Phillips India and Escorts.

July 21, 2016 / 09:35 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "I have four buy calls. In Lupin, Rs 1,690 should be the stop loss and I am looking at Rs 1,756-1,760 as the first target zone and then Rs 1,795. Lupin looks pretty bullish." "The stock that is really looking bullish in the pharmaceutical space is Cipla. It has a fantastic chart. I am looking at Rs 550, but for the day Rs 522.90 to about Rs 528 should be the target zone and Rs 511 should be the stop loss. I am expecting a gap up opening out here," he said."I have recommended Godfrey Phillips India when it was Rs 920 and on the day it was actually breaking out. It is still looking good; Rs 1,350 is my target, but before that Rs 1,252 would be the first target, Rs 1,124 carry is required. The chart pattern is completely different. It has nothing to do with the industry. I suppose there is something cooking out there. I really do not know, the charts seem to suggest that.""Escorts is a qualified buy call. If the stock were to remain above Rs 251, then you are buying it with a stop loss below Rs 245 and your target should be Rs 274 to about Rs 277. These are the four buy calls for the day from my side," he added.

first published: Jul 21, 2016 09:02 am

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