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Jul 12, 2012, 08.23 AM IST
Shubham Agarwal of Motilal Oswal Securities is of the view that one can bet on Manappuram Finance, SKS Microfinance.
Shubham Agarwal of Motilal Oswal Securities is of the view that one can bet on Manappuram Finance , SKS Microfinance .
Agarwal told CNBC-TV18, “Both Manappuram Finance, SKS Microfinance can have a decent upmove from the current level as well. So a 10-15% move in SKS Microfinance cannot be ruled out. Even then Manappuram Finance we have seen that the intraday chart has witnessed a consolidation and I think today is the day where it is breaking out of that range."
He further added, "So that could also be an immediate buy for a movement of 10-15% because as I said that midcaps and smallcaps have sharp movements. So in a span of a day or two, there could be movements such as 10-15% which can be very immediate. So I think we can participate in both of the stocks.”
Action in Manappuram Finance
May 23 2013, 16:33
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