Sintex Industries may test Rs 63: Manghnani

Manghnani told CNBC-TV18, "Sintex Industries is a risky stock. It’s been badly bruised and beaten down, but I just feel that maybe it might just play catch up to the rest of the market. So if the Nifty were to even hold steady I think this stock could even go back to about Rs 63. So maybe Rs 54 as your stoploss and play for a trading bounce."

He further added, "I am going for something that hasn’t really moved because if you look at the rest of the market banking, even some of the realty power stocks they have all run up so much that probably your risk reward ratio don’t fit. So I think Sintex is a little less risky stock because the stop loss is so close."