Moneycontrol Be a Pro
Get App
Last Updated : May 24, 2018 09:57 AM IST | Source: CNBC-TV18

Buy IRB Infra, Apollo Hospitals; prefer MRF: Mitessh Thakkar

Mitessh Thakkar of is of the view that one can buy IRB Infra and Apollo Hospitals and prefers MRF from the tyre space.

Mitessh Thakkar of told CNBC-TV18, "I have a buy on IRB Infra with a stop loss at Rs 230, look for target of Rs 244. A sell on Indian Oil Corporation (IOC) with a stop loss at Rs 390.50 for target of around Rs 370."

"Tyre stocks are clearly showing some signs of momentum. MRF, I think has broken on the intraday charts but the bigger break out will happen if it can capture Rs 53,550-53,600 zone. So, that being the first target, if we get past Rs 53,600, I would then look at much stronger rally emerging over here,"he said.

"Apollo Hospitals has been on the radar for last few days. It has done well and is really maintaining an uptrend. Today, I would be a buyer here with a stop loss below Rs 1,309 and would look at target close to about Rs 1,365.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Mar 1, 2017 11:39 am
Follow us on
Available On
PCI DSS Compliant