Buy Tata Chemicals, Bosch: Amit Gupta

Amit Gupta of ICICIdirect told CNBC-TV18, "Tata Chemicals and Bosch come into the category of oversold quality stocks. In this particular series, the phenomena of buying into this category should continue. These stocks they have come down by almost 40 percent from the highs. My sense is that if you look at the short covering pattern, it is panning out in them. Both these stocks were continuously falling.""In Tata Chemicals for last five days when Nifty had come down from 7,580 to 7,400 it did not come down. Rather it was up y 3-4 percent. So, the laggard stock which is not falling with the market, there is something happening in it," he said."The same thing happened in Bosch, it remained around these levels despite market coming down. So I will keep both these stocks into the category of oversold quality which should be looked at for this particular series from buying into."