Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "Biocon is one stock where cash based activity is going on since last four-five off sessions and we have actually seen the momentum pilling up in the last trade yesterday and today intraday as well."
"We feel this stock is good and it has a good 7-8 percent move. It is an excellent time to buy this. It is trading at Rs 293, keep a stop loss at Rs 283 and a good move all the way till Rs 312-313 is what we are expecting. So that becomes a buy call from our side," he said. Also Read: Biocon plans Rs 1,200 capex over next 3 yrs: Citi
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