Sell DLF; buy Lupin: Rahul Mohindar

Aug 23, 2013, 05.24 PM IST

Rahul Mohindar of viratechindia,com recommends selling DLF with a target of Rs 126. "One may buy Lupin with a stoploss of Rs 765 and it can move to Rs 900," he adds.

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Sell DLF; buy Lupin: Rahul Mohindar

Rahul Mohindar of viratechindia,com recommends selling DLF with a target of Rs 126. "One may buy Lupin with a stoploss of Rs 765 and it can move to Rs 900," he adds.

Like this story, share it with millions of investors on M3

Sell DLF; buy Lupin: Rahul Mohindar

Rahul Mohindar of viratechindia,com recommends selling DLF with a target of Rs 126. "One may buy Lupin with a stoploss of Rs 765 and it can move to Rs 900," he adds.

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Rahul Mohindar of viratechindia,com told CNBC-TV18, "On the sell side DLF is a stock which has been under pressure. In the last 10 days we have been maintaining Rs 136-137. We seem to be breaking that level, so I would sell DLF for a price target of Rs 126. The stock could move towards those levels and Rs 143 being a good stop loss to work with."

"On the buy side I like some of the pharma names but I would pick Lupin . If the stock pass Rs 800 it can give us a strong rally up, more towards targets of Rs 855 and subsequently Rs 900. This could happen in a span of maybe even three to five weeks. So, keeping a stop at Rs 765 I would buy Lupin," he said.

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