HomeNewsBusinessStocksBuy NMDC, Pidilite; Hindustan Zinc may hit Rs 177: Rakesh Bansal

Buy NMDC, Pidilite; Hindustan Zinc may hit Rs 177: Rakesh Bansal

Rakesh Bansal of RK Global is of the view that one can buy NMDC and Pidilite Industries and fesls that Hindustan Zinc may test Rs 177.

February 15, 2016 / 14:50 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Rakesh Bansal of RK Global told CNBC-TV18, "NMDC is a strong buy. In today's session, we have seen a breakout in NMDC above Rs 85 levels that too with a gap. The kind of technical structure NMDC is having, it is a strong technical buying candidate at current level with a stop loss at Rs 82 for a target price of Rs 95.""Hindustan Zinc is having a best technical structure along the metal space. The only metal stock which is making higher tops higher bottoms. On the downside, if you see Rs 153 is a double bottom, place a stop loss below Rs 153 and the kind of technical structure Hindustan Zinc is having, I feel it can easily rally to levels of around Rs 177 on upside," he said."Pidilite Industries is having an excellent technical structure, the stock never participated in any Nifty decline. The structure is clearly positive, stock prices are making higher tops, higher bottoms. The kind of technical structure Pidilite is having, it is one of those listed stocks, which is a potential candidate making a new lifetime high in next one to one and a half months. Buy Pidilite at current price, stop loss at Rs 574 and target of Rs 633."

first published: Feb 15, 2016 02:49 pm

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!