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May 22 stock picks: Oil India, Voltas and more
Oil India
Ashu Madan, President of Core Client Group at Religare Securities told CNBC-TV18, "Currently if you compare the trend Oil India continues to be in the up trend. The way it is moving in fact the entire sector is performing well and the sectoral outperformance will continue to be seen in the future also. So, I would suggest sticking with Oil India."
Voltas
Ashu Madan, President of Core Client Group at Religare Securities told CNBC-TV18, "On immediate basis, I don't think it will be easy for Voltas to cross Rs 100. So, at every time it will try to inch up higher you will see profit booking or a bout of selling coming in."
He further said, "If it goes below Rs 85 it can spell further disaster as far as price is concerned. So, not a very happy situation, at Rs 100 if he gets a chance he should get out and switch in to some other stock."
LIC Housing
Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, "May be about Rs 290 kind of level on LIC Housing Finance . Because if you see the way the stock has moved in the whole midcap carnage that we had, we saw the stock corrected deeply and now we see good amount of recovery. So in that sense it has recovered nicely from the lows that it made."
Coal India
Sharmila Joshi of Peerless Securities told CNBC-TV18, " Coal India have had lot of issues with pricing etc, but we have seen some clarity emerge. And hopefully as we go ahead some more will also start, not just for Coal India but for a lot of the stocks in the mining space etc. I think you will see that clarity going ahead."
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DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.
