Sharma told CNBC-TV18, "Eveready we like a lot because from a high of Rs 75, the last time the Nifty was at around these current 5,200 levels, at the current it has taken on Rs 62-63. Despite the fact that fundamentals have improved and they even got excise benefits from the Budget."
He further added, "Technically close above Rs 64 where the 50 day moving averages would be very bullish for it and which could take it to Rs 73-74 in the next 2-3 weeks. On the downside one needs to be careful that it does not slip below Rs 60."
Disclosure: I have a personal interest in Eveready Industries.
