HomeNewsBusinessStocksBuy Tata Comm, TVS Motor, Coal India: Chandan Taparia

Buy Tata Comm, TVS Motor, Coal India: Chandan Taparia

Chandan Taparia of Anand Rathi Securities is of the view that one may buy Tata Communications, TVS Motor and Coal India.

September 30, 2016 / 15:19 IST
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Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are positive on Tata Communications. Recommending to buy with stoploss of Rs 532 for the target of Rs 570-580 levels.""Second trade is buy on Bharat Financial. The stock has recovered well, managed to take support near Rs 822, so recommending to buy with a stoploss of Rs 840, for target of Rs 895-900.""TVS Motor is at new lifetime high, managed to hold the gain, making higher tops, higher bottom formation. Suggesting to buy with 360 Calls with a stoploss of Rs 9 for target of Rs 21-24 kind of levels.""On the negative side, I am expecting some profit booking to continue in Coal India as far as negative price pattern. So recommending to buy with 320 Put of Coal India with a stoploss of Rs 4 for target of Rs 15.""Last trade is buy Larsen and Toubro Put, stock is not ready to move, making lower top, lower bottom formation. If it manages to hold below Rs 1,420 then it can correct by 3-4 percent, so recommending to buy 1,400 Put with a stoploss of Rs 15 and expect this premium to go to Rs 55," he added.

first published: Sep 30, 2016 03:19 pm

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