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Buy Dewan Housing Finance, Britannia Industries, BHEL: Yogesh Mehta

Yogesh Mehta of Motilal Oswal suggests buying Dewan Housing Finance, Britannia Industries and BHEL.

July 19, 2017 / 02:38 PM IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "The opportunities here on the long side is Dewan Housing Finance (DHFL) which has again crossed all-time high around Rs 468 today. So, there we are looking at a buy with Rs 460 as stop loss and target could be in the range of Rs 483-485 levels."

"Britannia Industries is another one where it has already broken that all-time high of Rs 3,800. It has made it twice earlier in May. So, from here Rs 3,840 is the price in future segment. One can look at buying and keeping a stop loss of Rs 3,760 and target could be in the range of Rs 4,000."

"The third one is BHEL. So far the counter is into a dull segment. Currently it is quoting at Rs 145 but risk reward ratio favours the bull side, so long position at around Rs 145, keeping a target of Rs 152-153 and stop loss should be maintained at Rs 141."

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