Buy Geometric Software; target 51-53: CK Narayan

CK Narayan, Growth Avenues Asset Advisors, talks to ET Now on Geometric Software.

What are the stock recommendation for today?

My view was more leaning towards the bullish side. So in line with that, I would recommend two buy calls. One is Hero Motors, currently trading at about 2060. This stock has had a decent 5 to 7-day decline in which it moved down into moving average support as well as the trend line support.

So, given the situation in the market, the stock has potential to rally. There is a buy call for Geometric Software which has been under pressure for a long time but of late has been showing some willingness to grow up.

It is moving up with some amount of fairly decent price range expansion which has also been accompanied by decent volume as well as momentum, currently trading at about Rs 45.5 to Rs 46. I recommend a buy at this level, keep a stop loss somewhere in the region of about Rs 42 and look for a minimum target at about 51 to 53 in the short term.