Eveready Industries may test Rs 35 mark: Jain

Eveready Industries India is expected to rally to Rs 32-35 in next 2-3 months. One can keep a stop-loss of Rs 18, says Rajesh Jain of Religare Securities.

Jain told CNBC-TV18, "If one look at Eveready Industries India, on long term charts around Rs 75-80 levels the stock fell down one way down and it made a bottom and a lot of consolidation was there between Rs 17-18 levels and which was at strong support. So it has made a good amount of bottom there and the stock has bottomed out and has started moving up." He further added, "If somebody is holding can just maintain a small stop loss of closing below Rs 18 go on holding and if somebody wishes to buy more can definitely buy more. The stock has bottomed out and on a medium term, 2-3 months we can look forward to a target somewhere between Rs 32 to Rs 35 at least." Disclosures: It would be safe to assume that whatever stocks we talked, my company, clients might have a position in them.