Here's why Mehul Kothari recommends buying KPR Mill, Shriram Transport

According to the analyst from Anand Rathi, KPR Mill can rally to Rs 595, while Shriram Transport Finance can surge to Rs 1,500 in the near term.

BUY

KPR MILL

Buy Near: Rs 570

Target: Rs 595

Stop Loss: Rs 558

After a strong rally from Rs 500 mark the stock has been consolidating in a broad range since past the few weeks. At this juncture, the stock is trading at the lower end of this range and that suggests that it has a support very close.

In addition we are witnessing a double bottom like formation near Rs 560 mark. Thus, we advise traders to buy the stock near Rs 570 for an upside target of Rs 595 in the coming sessions.

BUY

Shriram Transport Finance

Buy Near: Rs 1,390

Target: Rs 1,500

Stop Loss: Rs 1,330

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