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CA Rudramurthy on March 7: Buy NIIT Technologies, DCB Bank & sell Reliance Capital

Updated : March 07, 2019 12:11 PM IST

Watch the interview of Ashwani Gujral, Sudarshan Sukhani, and CA Rudramurthy BV of Vachana Investments with Prashant Nair and Ekta Batra on CNBC-TV18, in which they shared their readings and outlook on market technicals, fundamentals and F&O side of the market as well as specific stocks and sectors.

They also spoke at length on Larsen & Toubro (L&T), Ujjivan Financial Services, Sun TV, NBCC, Mahindra & Mahindra (M&M), Indian Oil Corporation (IOC), Bharat Electronics (BEL), Suzlon Energy, NIIT Technologies, Reliance Capital, and DCB Bank.

While recommending his stock ideas Sudarshan Sukhani said, “Larsen & Toubro (L&T) is a buying opportunity.  L&T has been an outstanding performer in the recent times after building a small base and breaking out. This could be an outperformer throughout the year of 2019. Ujjivan Financial Services is a buy. Generally I am not upbeat on the NBFC stocks buy Ujjivan in an exception. There is a strong base here and a breakout for the day it is a buying opportunity. Sun TV is a short sell.”

Ashwani Gujral’s stock picks are, “Mahindra & Mahindra (M&M) is a buy with a stop of Rs 665 target of Rs 690. Indian Oil is a sell with a stop of Rs 154 target of Rs 142 and BEL is a sell with a stop of Rs 92 target of Rs 85.”

CA Rudramurthy F&O strategies are “For me three stocks are looking very positive. NIIT Technologies look for me very strong. Stock is currently consolidating and can head towards levels of Rs 1,370 and have a stop loss of Rs 1,309 for this long call. DCB Bank looks very strong. Already stock has given a clear breakout. Initial targets of Rs 207 can be seen with stop loss of Rs 195. For me even Raymond, V-Guard Industries, Balkrishna Industries these type of good midcap stocks are available in F&O can do very good. Just to hedge my portfolio I have one short call Reliance Capital has a very strong resistances at levels of Rs 192 to 193 zones. Today it has clearly taken resistances there so just to hedge my long portfolio I am taking short position on Reliance Capital strict stop loss of Rs 195 and looking for targets of Rs 170 on Reliance Capital.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

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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