Shriram Transport Fin can go upto Rs 655-660: IIFL

Manoj Murlidharan Vayalar, IIFL is of the view that Shriram Transport Finance can go upto Rs 655-660.

Vayalar told CNBC-TV18, “For Wipro there was a news that was supporting the cause and that is why we have seen the stock going up and as you said there was good buying which has happened in the cash market. Now we would not really get into that but if you still have to buy there are couple of stocks like Shriram Transport Finance and LIC, IDBI, these would be the three names where there is still cash based buying which has not yet distributed in this fall. So we can stick on to this even if it is a Shriram Transport I feel the stock has a good momentum. Rs 655-660 is what I am looking at. Though the weighted average price of Rs 608 should be a stop loss on that."