VIP looks good, buy Lakshmi Vilas Bank on decline: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "VIP industries looks good on the daily chart as well as on the intraday chart. I will put a stop loss below Rs 123.40 and my targets are Rs 128 and Rs 129.50.""The other stock is a midcap banking stock which is Lakshmi Vilas Bank. Buy on a minor decline and Rs 107.40 should be your stop loss and target would be Rs 111.50 to about Rs 112. Both the stocks are showing good momentum in today’s session and they are unrelated to Infosys or the IT sector, so not much worry on that count," he said."I love Punjab National Bank. I have bought it at around Rs 84-85 when there were a lot of sceptics for PNB and other PSU banks. Point is this that PNB had been the best chart amongst the PSU banks and still is. Its immediate target now, earlier I used to call that a medium-term target, but PNB has positively surprised me, target is Rs 143. I thought that there would be a pause between Rs 115 and Rs 125 and the pause was only for a day or two and PNB starts marching ahead. So, if this continues then Rs 143 could well be there in 7-10 days going forward. That is a possibility and its charts continues to look good. There is nothing negative out there as such."