Kulkarni told CNBC-TV18, "I think for an investor or for a trader the first thing he should look at is how much time the market consumes before giving you an up move. HEG is up 14.5% in today's trading session. We have seen that the stock fell from Rs 220 to Rs 140 over the last two, two and half months and just in 15 trading sessions the stock has actually bounced back, right from Rs 140 to Rs 210 covering all its losses. I think this is a stock wherein I would say that there is a probability of a bottom formation being taking place. Any dip in the counter should be used to buy. Similar is the case with Adani Enterprises and Adani Power ."
He further added, "In Kesoram any dip should be used to buy into. The whole host of Dredging Corporation , MMTC , which actually moved a couple of days back. Those are clear buys on dips. So it makes sense to go long in them but wait for a little bit, let the correction take place and then you can trade long in them."
Disclosure: We may have positions in some of these counters.
