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Buy Bharat Financial Inclusion, Reliance Capital, IRB Infrastructure: CA Rudramurthy BV

CA Rudramurthy BV, Research head at Vachana Investments recommends buying Bharat Financial Inclusion, Reliance Capital and IRB Infrastructure.

March 23, 2017 / 01:58 PM IST

CA Rudramurthy BV, Research head at Vachana Investments told CNBC-TV18, "I have three buy calls. My first buy call is on Bharat Financial Inclusion. Both for current month as well as next month it is adding a lot of open interest with prices moving on the upside. Currently, this stock can head towards levels closer to Rs 860 and the trend is clearly on the upside. Delivery based buying is also seen in it. Every dip is getting bought, so, I look at immediate target of Rs 860 and eventually even Rs 920 is possible on Bharat Financial while Rs 815 will be the stop loss for this long call." 

"I have a second buy call on Reliance Capital. This stock has given a clear breakout at levels closer to Rs 600 plus. Targets are at Rs 660 on Reliance Capital, again, a lot of open interest is added with stock moving on the upside. Keep a stop loss of Rs 600 on this long call," he said. 

"My final buy call is on IRB Infrastructure. It is making this consolidation right now and can head towards targets of Rs 245 and once it breaks Rs 245, even levels closer to Rs 260-270 is possible on IRB Infra Futures. Have a stop loss of Rs 232 for this long call."

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