NIFTY 50

Rajat Bose on March 26: Buy Balkrishna Industries; sell Tata Communications

Updated : March 26, 2019 01:08:03 IST

The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about BEML, Can Fin Homes, Interglobe Aviation, Balkrishna Industries, Tata Communications.

"Balkrishna Industries is a buy. Rs 966 target is very close, Rs 978 and it can even move up further. It can move towards Rs 984-990. So put a stop loss below Rs 945 now. Tata Communications March futures I would put a stop above Rs 601 and sell this future. I am expecting a target of Rs 584; if Rs 584 gets violated, then it can go up to Rs 580," Bose added.

Speaking about individual stocks, Bose said, “I have chosen one public sector stock and one housing finance stock for buy and one airline stock for sell; obviously not Jet Airways. BEML is a buy. I would put a stop loss below Rs 974.80 and target would be Rs 1,004 and Rs 1,013. Can Fin Homes although it is very close to my stop loss, I would that stop loss on closing price basis i.e. Rs 329 is my closing price stop and my target is Rs 345. This chart looks overall very good for a medium term buy. Interglobe Aviation is a sell. I would put a stop loss above Rs 1,376, Rs 1,345 and Rs 1,336 are the two targets for Interglobe Aviation.”

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.
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

recommended for you