Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I will probably go with MOIL instead of Voltas because Voltas is kind of a sideways type stock. So, maybe a brief 2-3 percent rally could be there, but in MOIL, I think a fresh move could start beyond Rs 375. However, overall, the market does not give you great amount of enthusiasm to buy into these stocks. However, if metals and minerals are going to move higher, I think MOIL at some point will get past Rs 450."
At 10:40 hrs MOIL was quoting at Rs 362.75, up Rs 1.60, or 0.44 percent. It has touched an intraday high of Rs 373.45 and an intraday low of Rs 362.35.