Sukhani told CNBC-TV18, "Sanghvi Movers is a buy on dip strategy. The dips are always to be brought in the bull market, which is what Sanghvi Movers is doing. It went up to Rs 250 and then has corrected quite a lot to Rs 180. Now appears to be resuming its uptrend."
He further added, "The stock is a buying opportunity for position trader. I am taking a very short-term call on it with a very modest target of Rs 192. But here again I expect eventually the stock to touch its earlier highs, which it made recently."
Disclosure: I have no personal holding in the above stock.
