Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Krish Subramanyam of Altamount Capital recommends to buy Larsen & Toubro

Updated : June 14, 2019 12:04 PM IST

Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com and Krish Subramanyam, Co-hd Eq Advisory, Altamount Capital 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.

Mitessh Thakkar stock ideas are, “BHEL could possibly be trying for the reversal so that is a buy with a stop at Rs 68.50 a very tight stop loss and look for targets of Rs 74. Bharat Forge is looking like continuing on the downside. Sell with a stop at Rs 461 and look for declines about Rs 440.”

Ashwani Gujral stock recommendations are, “Larsen & Toubro (L&T) is a buy with a stop at Rs 1,520 target of Rs 1,575. Indusind Bank is a sell with a stop of Rs 1,450 target of Rs 1,400 and Aurobindo Pharma is a sell with a stop of Rs 612 target of Rs 585.”

Krish Subramanyam F&O stock recommendations are, “Put option in Larsen & Toubro (L&T), the stock has been seeing selling pressure on that higher levels so one could possibly see a buy of 1520 Put that is quoting at around Rs 15-16 keeping a target of Rs 27 and stop loss of Rs 8. A Covered Call on Tata Steel the metals have been a strong feature and even in a market which is sliding they seen to be holding on. Buy the futures and sell 510 Call that is quoting at around keeping a very bonus target of Rs 518 and stop loss of Rs 495.”

They also spoke at length BHEL, Bharat Forge, Larsen & Toubro (L&T), Indusind Bank, Aurobindo Pharma and Tata Steel.

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

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

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.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV