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Bothra to handle 2 Motilal AMC funds May 25, 2021 Motilal Oswal Mutual Fund has appointed Siddharth Bothra as the fund manager of Motilal Oswal Flexi Cap Fund and Motilal Oswal Dynamic Fund, according to a release issued by the asset management company. Bothra has been serving as the Executive Group Vice President in the fund house. He was appointed as the manager for the two funds on May 19. Besides, Akash Singhania (Earlier Fund Manager of Motilal Oswal Flexi Cap Fund and Motilal Oswal Dynamic Fund) has decided to move on from Motilal Oswal AMC for personal reasons, the release added. Published on ....
Bothra recommended Hindustan Unilever (HUL) and Indian Bank. He believes the FMCG basket looks attractive as compared to most other sectors and given the market cool off. He remains optimistic that HUL could come back to Rs. 2450-odd highs once again. He gave a Buy call on the stock with a target of Rs. 2450 and a stop loss of Rs. 2355. Bothra also added Indian Bank to his recommendation for the day, and he called it a High Risk trade. He said that public sector banks are high beta in nature and the stock of Indian Bank, which hit Rs. 97-98 levels, cooled off 15% from those highs. Post the correction, it is likely to pick up again, according to Bothra. He gave a Buy rating with a target of Rs.105-110 and a stop loss of Rs. 88. ....