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Buy BHEL, HCL Technologies & Bajaj Finance, says Yogesh Mehta of Motilal Oswal

Updated : April 03, 2019 12:11 PM IST

Ashwani Gujral, Sudarshan Sukhani, and Yogesh Mehta of Motilal Oswal discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors.

They also spoke at length on Dabur, Power Grid Corporation of India, Raymond, HDFC Bank, Tata Steel, BHEL, HCL Technologies and Bajaj Finance.

Sudarshan Sukhani’s stock picks are, “Dabur is a buy, and it has been sleeping for many months and is now slowly wakening up. We just saw how Marico has suddenly started going up. I think Dabur will follow the same path so Dabur is a buying opportunity. Power Grid is a buy, it has also gone through a correction that correction is over and done with and higher levels should come. Finally a short term buy is Raymond, we have seen how Raymond has spiked up perhaps they will be follow through and for Raymond I would suggest keep it as a short term trade but still buying is justified for the time being.”

Ashwani Gujral’s stock recommendations are, “HDFC Bank is a buy with a stop of Rs 2,290 target of Rs 2,345. Tata Steel is a buy with a stop of Rs 539 target of Rs 560.”

Yogesh Mehta’s stock ideas are, “BHEL is crossed over its 200 day moving average after a long spell, almost two months have been happened and after two months it has been from oversold to now near to buy zone so keeping a stop loss of Rs 72.50 in a future segment target could be in the range of Rs 81-82 levels. The other one is HCL Technologies, it has given a breakout about multi-year high of Rs 1,120. It is sustained and consolidated for last two days near to that zone. Today it has surpassed the Rs 1,126 in a cash segment and future is at Rs 1,130-1,133 levels. so one can keep a stop loss of Rs 1,120 for instantaneous trade and target could be in the range of Rs 1,160-1,165.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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