Buy Motherson Sumi; sell Jubilant Food: CA Rudramurthy

CA Rudramurthy of Vachana Investments told CNBC-TV18, "I have a buy on Motherson Sumi Systems and Tata Motors but I have a sell on Jubilant Foodworks. Motherson Sumi looks very attractive, infact huge open interest (OI) has built up in futures and the stock saw consolidation in the range of Rs 230-260. Having broken this king of consolidation zone, the stock is now heading towards immmediate target of Rs 285. If it sustains levels of Rs 285, I see even Rs 300 plus levels coming in the stock but stop loss at Rs 268 is very curcial.""My second buy call is on Tata Motors. This stock has seen buying on every dip. Investors are buying the stock, even in the futures market, accumulation is happening which has indicated built up in OI. Traders are also betting on the long side in Tata Motors and immediate target of Rs 412 can be seen. One can keep a stop loss of Rs 394. Once Tata Motors decisively breaks Rs 412, a longer term target of Rs 440-480 is also possible. So investors can look at buying the stock," he said."Jubilant Foodworks has already achieved a target of Rs 1380 but from the support, the stock saw a bounce back mainly because of short covering because the stock fell from levels of Rs 1900 and it found support at Rs 1380. I feel that short covering rally is over in Jubilant Food. One can sell the stock at current level and can see an immediate target of Rs 1380. If it breaks this, I can see way down levels and it can see levels of Rs 1150. A stop loss of Rs 1445 is a must on the stock."