Buy Wipro on dips, says Anil Manghnani, Modern Shares & Stock Brokers.
Manghnani told CNBC-TV18, "In Wipro I am waiting for some more upside, I wouldn't buy it first thing in the morning, but if you got a dip back to closer to Rs 400 range, Rs 400-388, I think you would buy that. It still has an unfinished trading target, maybe closer to Rs 420-427 range and I think with the markets falling maybe the rupee again weaken, so that would be a boost for some of the IT stocks."
He further added, " Apollo Hospitals is giving fantastic trading moves and I think it broke out to a new high post Rs 600, rallied all the way to Rs 700 plus. I had given a buy it from Rs 620 and actually breakout to the Rs 600. So in that 20 buck range you buy, stoploss maybe at Rs 590 and it should go back to Rs 660-680."
