Hi Diksha, can I hold on to Aarti Industries and what is your take on fresh buying ideas for the first of June?
Answer
Answer
While a number of stocks suggested by me, including Aarti Industries are in the positive, I suggest you make the best of this new high rally and the positive economic data and wait over it. For Tuesday, I don’t suggest any changes to you. Here is the key.
· Aarti Industries at Rs.1,665 (CMP – 1,678) – Suggest to Hold
In terms of fresh positions, you can look to add GAIL to more from a medium term perspective. Buy GAIL at around Rs.160 for upside target of Rs.195-200 in 2-3 months. GAIL will gain from strong crude prices as also for a greater shift to gas in the hydrocarbon mix as it remains the best de-risked gas play in India.