Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessBuy Power Grid, says Sandeep Wagle

    Buy Power Grid, says Sandeep Wagle

    Sandeep Wagle of powermywealth.com is of the view that one can buy Power Grid..

    May 31, 2017 / 16:23 IST

    Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would be bullish on Power Grid. Maybe a small correction in the range of Rs 200-180 is what I would talk of. I don’t see a correction bigger than that."

    "I would recommend buying in that range, stop loss of Rs 155 and I would talk of a 6-10 months target of anywhere between Rs 250 and Rs 260," he added.

    "Marksans Pharma is a little weak. I would recommend a sell on a bounce in the range of Rs 50-55. Don’t see the stock break Rs 60 levels; that is a very strong resistance. So, if one gets the level anywhere between Rs 50 and Rs 55, it would make better sense to exit this stock and get into something else."

    first published: May 31, 2017 03:29 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai