Buy Berger Paints, Motherson Sumi, UltraTech; sell Godrej Consumer: Mitessh Thakkar

Sep 07, 2017 10:10 AM IST | Source: CNBC-TV18

Mitessh Thakkar of is of the view that one can buy Berger Paints, Motherson Sumi and UltraTech Cement and sell Godrej Consumer Products.

Mitessh Thakkar of told CNBC-TV18, “Berger Paints had a very strong pricing volume breakout, indicator set up is quite positive. So buy with a stop loss at Rs 252 for target of Rs 275. Motherson Sumi has consolidated, corrected and possibly is restarting an uptrend. Buy with a stop loss at Rs 316 for target of Rs 350.”

“Amongst the cement names, UltraTech Cement after having gone thorugh a correction is starting an upmove. So that is a buy with a stop loss below Rs 4,090 and I would look for targets close to about Rs 4,300.”

“Godrej Consumer is a sell with a stop loss at Rs 922, look for target of Rs 860 and a conditional sell on Larsen & Toubro (L&T) which has been an underperformer. If it breaks the pivot support at Rs 1,115-1,113, sell with a stop loss at Rs 1,131 for a first target of Rs 1,070,” he added.

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