UltraTech Cement may test new 52-week high, says Jai Bala

Jai Bala of cashthechaos.com told CNBC-TV18, "In the frontline stocks, I do not have any specific screaming buy at this point in time although I like UltraTech Cement at this point in time. I am expecting the stock to scale new 52-week high."

"Bharat Heavy Electricals (BHEL) is set to clock fresh highs about Rs 290 and Larsen and Toubro (L&T) although the upside is not high – that is also likely to scale Rs 1,850-1,900 in the short-term. So, I like these three stocks from the frontline names," he added.

"Among other stocks which are not in the frontline stocks, I think BEML has fantastic potential from current levels. I think BEML set to scale Rs 900 in the short to medium-term," he said.