HomeNewsBusinessStocksSuper Six stocks that can give you handsome returns

Super Six stocks that can give you handsome returns

Aditya Agarwal of Way2Wealth Securities recommends buying UPL and Crompton Greaves.

October 13, 2015 / 10:24 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Gaurav Bissa, Aditya Agarwal and Hemen Kapadia, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy on UPL. The short-term breakout that has seen on Rs 465 levels and it has closed above this level so the chances are that Rs 475-480 can be seen without much difficulty. So, I recommend going long in this stock for target of Rs 480 keeping the stoploss at Rs 460.My second recommendation today is buy on Crompton Greaves. This is another stock to witness short covering. Now this particular stock has also started to witness long position and that to in decent amount. For trading per se, I would say go long in Crompton Greaves for target price of Rs 186 keeping a stoploss at Rs 174.Aditya Agarwal of Way2Wealth SecuritiesUPL has been consolidating in the range of Rs 440 and 465 for the last couple of trading sessions. In yesterday’s session we see the stock has given a good breakout and it managed to close above Rs 465. At current levels we are going long in UPL keeping target of Rs 490 and stoploss on lower side will be Rs 455.Second call for the day will be a buy call in Crompton Greaves. If we see Crompton Greaves then stock has been witnessing positive movements for last couple of days. In yesterday’s session stock carried almost 7 percent shares in the open interest which were on long side. We are expecting that from these levels Crompton Greaves may see a decent rally. On a higher side can test Rs 195 levels. At current levels one may go long in Crompton Greaves keeping a stoploss of Rs 175 and target of Rs 195.Hemen Kapadia of KRChoksey SecuritiesI have a buy call on UPL. The stock has reflected near-term strength by entering a short-term uptrend. Mechanically indicators are supporting the move. The stock has moved higher on higher volume indicating the stock intention to appreciate further from here. One can buy UPL at its closing of around Rs 467 with a stoploss of Rs 463 and a target of Rs 475. I have a buy call on Rural Electrification Corporation (REC). REC is deeply oversold on the intraday charts that offer green shoots of positive divergence coming in. All the mechanical indicators have turned positive, have signaled a buy indicating the stocks intention to appreciate further from here. One can buy REC at its closing of around Rs 262 stoploss at Rs 259 target of Rs 268.

first published: Oct 13, 2015 08:50 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!