Hi Diksha, do you suggest me to exit Devyani International? Do you have any fresh buy ideas for the day?
Answer
Answer
While Devyani International is surely above the price I had suggested, I think it is a tad early to start taking profits off the table for now. Instead, I would suggest that you wait for higher levels as the QSR story is yet to play out fully on the Devyani counter. Here is my quick take on the stock.
· Devyani International Rs.121 (CMP – 126.50) – Suggest to Hold
My call on JSW Steel given on Friday can still be taken at around the recommended price. For 06 September, traders can look to buy Exide Industries at Rs.189 with an upside target of around Rs.225 over the next 2 month time frame. The short term benefits of the HDFC Life acquisition of Exide Life is going to be greater for Exide than for HDFC Life.