CK Narayan, MD at Growth Avenues suggests buying Advanta and Escorts.
CK Narayan, MD at Growth Avenues told CNBC-TV18, "I would look at CARE Ratings . It is in a space where there is high comfort level because the other stocks in that area have been trading extremely well. They are well owned by institutions and large players and CARE Ratings is something which has been lying around pretty steady for a long time. At about Rs 950-1,000, CARE Ratings is something that I look at for about at least 25-30 percent run in the short-term."
He further added, " Advanta is trying to test its resistances higher. It is one of those well regarded stocks in the market, not really performed significantly, but it is well poised to do so. So I would buy Advanta at about Rs 270-280."
"I would look to buy into Escorts . It did go a little soft post the quarterly numbers when the tractor sales and all did not come as good as people would like it. But the interest seems to be back in there and in the price range about Rs 125-135, I would certainly look to accumulate some amount of Escorts for short to medium-term run till about Rs 160-170 at the minimum," Narayan said.
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