Prefer Crompton Greaves over Voltas, says Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Crompton Greaves gave a very strong move on Friday's trading session post which we saw some correction yesterday but today again the stock has picked up momentum. I think the bias should be positive in case of Crompton Greaves. I would look at potential moves towards a previous resistance, which is around Rs 112 to Rs 116. That can be a decent supply zone for Crompton Greaves. So I would look at Rs 114-116 on the upside in case of Crompton Greaves."

He further added, "In case of Voltas, post results the stock corrected and we are seeing that, that correction might just last for another few trading session. So, I would expect sideways activity in case of Voltas in the range of Rs 88-89 to around Rs 94-95 wherein the stock is expected to trade over the next probably six-eight trading sessions. So I would pick amongst the two, I would look at Crompton Greaves rather than Voltas."