Rahul Shah of Motilal Oswal told CNBC-TV18, "Pharmaceutical has been in a good show in last two to three working days. We have seen good run up in pharmaceutical stocks and overall pharmaceutical sector as a whole. So, I feel still on the top it remains Sun Pharmaceutical Industries, I feel the stock looks quite convincing, the risk to reward is quite favourable in it. So, longs have also been added in the stock. With a stop loss of Rs 780, I would buy Sun Pharmaceutical with a target of Rs 850." "In oil marketing companies, some kind of sell-off today has been seen but it is in an opportunity. This sector has been poised for a good run up, so I feel still a lot of steam is left in those companies. So, my preferred stock is Indian Oil Corporation (IOC), buy with a stop loss of Rs 550 for target of Rs 580," he said."Third stock is in the midcap space where we have seen some action - Jain Irrigation Systems. We see some kind of sell-off today in this stock. So, I feel still this stock has not given up, so I would still buy with a stop loss of Rs 85.50 and target of Rs 100."
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