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Last Updated : Jan 19, 2017 11:00 AM IST | Source: CNBC-TV18

Buy Supreme Infra, BHEL, HPCL: Rajat Bose

Rajat Bose of is of the view that one can buy Supreme Infra, Bharat Heavy Electricals and Hindustan Petroleum Corporation.

Rajat Bose of told CNBC-TV18, "I have three buy calls, two of them are largecap companies and one is a midcap which is a delivery buy call. It is an infrastructure stock - Supreme Infra, the chart pattern looks pretty good. I would put a stop loss below Rs 104 on closing price basis and my short-term target is Rs 132 and Rs 139. That is about 25 points from the current market price."

"Next stock is Bharat Heavy Electricals (BHEL) which I personally hold in my investment portfolio and I would put a stop loss for the day below Rs 130 and my targets are Rs 135-137; Rs 137 happens to be the 200-day exponential moving average level," he said.

"In Hindustan Petroleum Corporation (HPCL), I would put a stop loss at Rs 485 and would buy with two targets, first target is Rs 504 and second target is Rs 509. There is a bullish flag formation kind of a situation. So, it is expected to go upwards, hence this buy call," he added.

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First Published on Jan 19, 2017 11:00 am
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