Buy Manappuram Finance, SKS Microfinance: Agarwal

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.”