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Last Updated : Apr 12, 2016 10:55 AM IST | Source: CNBC-TV18

Buy Sterlite Tech, NBCC; BoB may test Rs 154.40: Rajat Bose

Rajat Bose of recommends buying Sterlite Technologies and NBCC and feels that Bank of Baroda may test Rs 154.40.

Rajat Bose of told CNBC-TV18, "Sterlite Technologies looks a good buy, I have kept a target of Rs 95.25 and Rs 99. The level of Rs 92.25 is imminently achievable given the close yesterday at Rs 93.40, put a stop loss below Rs 89.80 keeping in mind that the Rs 99 is the second target."

"I am also quite bullish on UPL and I have a feeling that it is expected to scale up to levels like Rs 490 but I have kept my target slightly lower, Rs 483 and Rs 488 on the upside and have kept a stop loss at Rs 416.90. UPL's moves looks very encouraging, Rs 490 kind of levels looks highly achievable," he said.

"Yesterday public sector banks showed some kind of a moment and Bank of Baroda (BoB) is my favourite among the public sector banks. It looks like the stock is headed for levels beyond Rs 150 this time quite comfortably perhaps. The level of Rs 154.40 is the intraday target and Rs 146.50 is the stop loss."

"I have a positional buy on NBCC. I would put a stop loss below Rs 955 on the close. My positional targets are Rs 1,016 to about Rs 1,066. I expect this target to be reached by April 18," he added.

"I like Hero MotoCorp with Rs 3,017 as target and put a stop loss below Rs 2,975 and you can see the stock going up to something like Rs 3,045 to about Rs 3,071 initially and after that it can even cross Rs 3,100. This stock looks pretty good to me. Apart from that Ashok Leyland today I feel you put a stop loss below Rs 108 and Rs 113 would be the target. So, these two vehicle stocks, I personally feel that in today's session would do pretty well."

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First Published on Apr 12, 2016 09:52 am
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