Buy Tulip Telecom, says Shrikant Chouhan

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shrikant Chouhan See what other Experts & Brokerages are saying about Tulip Telecom See messages about Tulip Telecom Tulip Telecom BSE | NSE 08/02/12 Are Mutual Funds betting on Tulip Telecom?

Shrikant Chouhan , Kotak Securities is of the view that one can buy Tulip Telecom .

Chouhan told CNBC-TV18, "Lot of midcap stocks especially from the IT pack is showing lot of strength and Tulip Telecom is one of that. I think it is consolidating in a triangular manner. In case it remains between these Rs 750 and Rs 720 levels for next few weeks then we can see the huge breakout on the higher side. In that case again the level of Rs 900 is not ruled out. This particular stock is also between strong consolidation zone and one can look at this to buy for."

Disclosure: Analyst doesn't hold the above stock but may have recommended them to his clients.