Motilal Oswal
    NIFTY 50
Motilal Oswal
March 15, 2019 12:14 PM | Market

Here are some stock queries answered by Rajat Bose & Mitessh Thakkar

The latest analysis and commentary by stock market gurus Rajat Bose, Mitessh Thakkar, and Krish Subramanyam of Altamount Capital on what is moving the markets today. Check out their top stock recommendations.

They spoke at length about Advanced Enzyme, United Breweries, Mindtree, IDFC First, Kotak Mahindra Bank, L&T Finance, Indian Oil Corporation.

Stock specific, Bose said, “Advanced Enzyme suggests a fresh stop loss of Rs 181. I am revising the stop loss to Rs 181 and revising the target to Rs 189.90 and before that Rs 187. United Breweries (UBL) I would put a stop loss below Rs 1,380 and UBL’s next target would be Rs 1,419.90 and Rs 1,428. UBL is showing a lot of strength and so is United Spirits. However, for now UBL has greater momentum.”

Thakkar recommended buying IDFC First and Kotak Mahindra Bank. He said, “I have two banking stocks on my buy list. Kotak Mahindra Bank has broken beyond Rs 1,300 levels. So keep a stop at Rs 1,299 and look for targets of Rs 1,350. IDFC First, again a positive pattern over here. So buy with a stop below Rs 50.70 and look for targets close to about Rs 53.”

“The oil marketing companies (OMCs) seem to be charging up. I think the rupee strengthening is helping matters. We are seeing some expansion in open interest. So recommending buying of Indian Oil Corporation (IOC). One could buy the futures for a possible target of Rs 158 and keep a stop loss of Rs 149. The last one is buying the futures of IDFC First Bank. This again has been some sort of a consolidation in the Rs 49-51 range, but today is showing signs of some breakout. Chartically it looks that it could possibly gather momentum. So one could buy futures for a possible target of Rs 57, but also recommend a stop loss of Rs 50,” Subramanyam said.

Follow stock recommendations by Mitessh Thakkar here:

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