Trading calls: Buy Rural Electrification Corporation, BEML, Says Expert

Lovelesh Sharma recommends buying BEML for a target of Rs 1,350.

Indian shares edged higher on Tuesday after a flat opening. The Sensex gained nearly 75 points while Nifty added nearly 20 points to reach 9,636.85. Meanwhile, Asian shares mostly rebounded on Tuesday despite a further slide in U.S. tech shares. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recouping about half of the previous session’s losses as regional tech shares regained their composure. Overnight, tech giants including Apple, Alphabet, Facebook and Microsoft were sold for the second consecutive day on Monday dragging the Nasdaq 0.5 per cent lower. Meanwhile, market analysts Lovelesh Sharma share their short-term trading picks.

Lovelesh Sharma of Epic Research

Buy Rural Electrification Corporation at current market price for a target of Rs. 202 with stop loss at Rs. 188.
Buy BEML at current market price for target of Rs. 1,350 and stop loss of Rs. 1,275