Buy Delta Corp, Ashok Leyland, Arvind: Lancelot D Cunha

Written By Unknown on Kamis, 27 Maret 2014 | 16.03

Lancelot D Cunha of Sharyans Wealth Management recommends buying Arvind with a target of Rs 179.

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of Sharyans Wealth Management shares his trading strategies for the day.

One may buy Delta Corp . It has recently launched its new casino ship in Goa as well as a Land casino based in Daman, so we see better performance from Delta Corp on the back of increase in gaming revenues and we believe that the momentum could carry it forward to its target price of Rs 103.

One may buy Ashok Leyland  with a target price of Rs 24.50. It has been moving up on good volumes over the past few trading sessions, given that investment buying is looking at sector rotation, we are seeing people move into the automobile sector and move out of the traditional sector. We believe this momentum could continue and hit its target price of Rs 24.50.

One may buy Arvind  with a target price of Rs 179. It recently moved up on the back of increasing volumes, given that as this move beyond the technical level, I expect that it could move further to its target price of Rs 179.


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