Like Meghmani Organics, Edelweiss; Sterlite may hit Rs 300 in 2-3 qtrs: Mehraboon Irani

Mehraboon Irani Independent Market Expert told CNBC-TV18, "Look at the good quality stocks, look at Sterlite Technologies which I have been liking and I feel it is a Rs 300 stock over the next 2-3 quarters. I think Rs 230-240 became a Rs 205 within no time. From Rs 205, it has gone up by 10 percent in the last two days. So, this type of opportunities will keep on coming."

"I personally like a company, a clear disclosure, Meghmani Organics. The results were brilliant as far as I understood the company, I think lot of good things should be happening in this company over a period of time. This could be possibly a Rs 80-100 stock along with Edelweiss Financial Services which is my favourite. I think there are decent midcap stocks in the market which investors should just buy. An opportunity comes when the market corrects, at that time don’t go on waiting for better and better opportunities to come because at the end of the it all if the company is good and the earnings are going to keep on improving, you need to buy into any sharp dip which comes in the market," he said.